The UK’s low carbon and renewable energy economy (LCREE) experienced significant growth in 2022.
That’s according to the Office for National Statistics’ latest report, which suggests turnover reached £69.4 billion and employment expanded to 272,400 full time equivalents (FTEs).
This represents a notable increase from the previous year, with turnover rising by 28% and employment by 8%.
Within the LCREE, the low carbon electricity sector led in turnover at £29 billion, while energy efficient products had the highest employment figures at 134,900 FTEs.
Electricity, gas, steam and air conditioning supply accounted for the highest turnover among LCREE industries (£22 billion), while construction had the largest employment with 99,100 FTEs.
