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The Economic Benefits of Local Climate Action

Published on
October 18, 2021

This report by the Centre for Sustainability, Equality and Climate Action, Queens University Belfast and the Place-Based Climate Action Network for UK100 presents a synthesis of existing work relating to the economic benefits of local climate action.

UK100 publication on economic benefits of local climate action
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UK100
Organisations:
Place-based Climate Action Network
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It offers cross-sector insight into how investment in local climate action can lead to tangible emission reduction, but can also create good quality green jobs, economic opportunities, important social co-benefits and level up areas across the UK as we seek to recover from the COVID-19 pandemic.

It presents a clear evidence base that highlights not only is Net Zero transformation possible, but also that the costs of inaction are immense.

Key insightsInvestment in climate action at the local level would see over 800,000 green jobs across the UK by 2030, rising to 1.38 million total jobs by 2050 For every £1 invested in climate mitigation and protecting communities from the impacts of extreme weather events a further £9 is saved If UK businesses reduce carbon emissions to Net Zero by 2030 instead of 2050, then society (including the private sector) would escape costs equivalent to £1.1 trillion One in five workers, and 6.3 million jobs in total, will be affected by the transition to a Net Zero carbon economy across the UK, with around three million workers requiring upskilling and around three million in high demand.