An exploration of the economy, energy and emissions impact of sectoral-specific export strategies

Policymakers have been understandably active in identifying economic opportunities for the UK through new and expanded trading opportunities. The recent Industrial Strategy and Export Strategy lay out the UK Government’s ambitions for increasing exports, as well as seeking out specific sectors where the UK has comparative economic advantage. We explore whether there is an opportunity to exploit differences in the impacts of sectoral-specific strategies, which our across-the-board simulation does not capture? Since our modelling framework captures individual sectors (and the links between these e.g. through intermediate purchases and sales) a disaggregated analysis is possible.