Wales is key to driving ‘green growth’ in the UK’s economy, according to new research.
The Green Growth Index, produced by Lloyds Banking Group and Oxford Economics, looked at measures including innovation, skills and infrastructure to rate each region and nation in the UK on its potential for growth. Scotland received the highest score with 80.6, followed by Wales on 63.5.
London came bottom of the Green Growth Index, with a score of 36.5, with Northern Ireland second bottom on 42.7.
The research suggests that at least £1.4 trillion is expected to be spent across the UK between 2020 and 2050 as part of the move to a low-carbon economy and renewable energy.
Up to 2.5 million jobs are forecast to be created over that time span in green industries, with many of those in Wales, they said.
The Welsh workforce already accounts for almost 5% of the UK’s green economy jobs, and strong future growth in the energy…
