The United Kingdom could unlock more than £70.3 billion ($89 billion) of economic benefits and export £17 billion ($21 billion) of renewable energy each year if it adopts a “beyond net zero” strategy, according to a recent report authored by former government economist Chris Walker for the U.K. Business Council for Sustainable Development, in partnership with Prologis U.K. and Inspired.
In the “beyond net zero” scenario, the United Kingdom could achieve economic benefits of more than twice the £35 billion ($44 billion) of benefits in pursuing the “near net zero” path.
“Because we are in a global race with critical tipping points, one version of 2050 sees the U.K. becoming a world leader in the energy transition by attracting trillions of pounds of global private investment, innovating in key technologies and deploying them at an international scale to become a clean energy superpower,” according to the report; “This is the ‘beyond net zero’ sce