Record growth over the last year pushed the UK green goods and services market past the £122bn mark, according to new government figures that reveal the low carbon economy now employs almost one million people.
The sector grew 4.7 per cent
against the 2009/10 figure of £116.8bn, providing an additional £5.4bn of economic activity as green industries continued to defy the sluggish progress made by the rest of the economy.
The new report
, released last week by the Department for Business, Innovation and Skills
, also confirms that the UK comfortably outperformed the worldwide Low Carbon and Environmental Goods and Services (LCEGS) market, which expanded by 3.7 per cent to £3.3tr.
Low carbon sales activities accounted from £1.6tr of this, around 48 per cent, with renewable energy clocking up £1tr, and environmental goods and services accounting for £700bn.
As such the UK secured a 3.7 per cent share of the global market
and also retained its place as the sixth largest LCEGS sector in the world, behind the US with £645bn, China on £435bn, Japan with £205bn, India at just under £205bn, and Germany at £140bn.