New export scheme to help businesses capitalise on rapidly growing green economy
A new global trading scheme will help to connect UK exporters with international opportunities, it has been announced.
The Clean Growth program will be formally launched this month at COP26 – a global investment summit designed to tackle climate change and accelerate action towards net zero.
According to the Government, the initiative will enable more British businesses to “seize” the opportunities offered by the “rapidly growing international green sector”.
The latest statistics suggest that the UK’s low-carbon economy is set to grow four times faster than any other sector – around 11 per cent per year – between 2015 and 2030.
This means the low-carbon economy will deliver up to £170 billion of export sales by 2030.
In a bid to capitalise on this growth, the Clean Growth program will help create green jobs and speed up the global transition to a low-carbon economy. This will be achieved by promoting the UK’s green export capability by trade and investment teams in embassies across the globe and by connecting British exporters with new international trading opportunities.
Commenting on the scheme, Anne-Marie Trevelyan, International Trade Secretary, said: “Through opening up new markets and providing export support, my department’s Clean Growth programme will help unleash the potential of UK businesses who are creating ground-breaking innovations in this area.”
Transport Secretary, Grant Shapps, added: “The Clean Growth programme proves that green technology will benefit the UK economy, as well as the environment, in the creation of thousands more green jobs.”
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