John Cridland, CBI Director-General - Growth its green da !

Some encouraging stats and info from John Cridland, CBI Director-General on the renewable market and it's potential. 

“The so-called “choice” between going green or going for growth is a false one. We are increasingly hearing that politicians are for one or the other, when in reality, with the right policies in place, green business will be a major pillar of our future growth.

With something like a third of all our growth accounted for by green business last year, the UK could be a global front-runner in the shift to low-carbon. In the search for growth, we’re digging for goldmines – and one of them is green.

“Get our energy and climate change policies right, and we can add £20bn extra to our economy and knock £0.8bn off the trade gap, all within the lifetime of this Parliament.”

The value of green growth

The UK grew its share of the £3.3 trillion global green market by 2.3% in real terms in 2010/11, reaching £122 billion and accounting for around 8% of GDP, and CBI analysis suggests that green business may have accounted for over a third of all UK growth in 2011/12.

Across every sector and region, green business activity now employs around 940,000 people in the UK, with two thirds of these jobs located outside London and the South East.
Green goods and services are also a strong contributor to UK trade, and the biggest links are to fast-growing economies like China, which buys 7% of UK green exports. By the end of this Parliament the contribution from green business could potentially cut the UK’s trade deficit by half.

Positive sentiment indeed !!