Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

Research output: Book/ReportOther report

Abstract

We estimate that the combination of enabling energy efficiency gains via the above spending and the knock-on impacts of realising this gain on household spending power, will deliver a cumulative boost of £7.8 billion to Scottish GDP over the next 30 years (a timeframe that allows time for all loans on later spending to be paid off). The GDP boost also equates to the sustained delivery of an additional 0.23% in Scottish GDP into the long term. The GDP boost would be associated with around 6,000 sustained (full-time equivalent) jobs, realised in the fourth year of the programme and largely sustained in the long term.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Number of pages5
DOIs
Publication statusPublished - 2 May 2018

Fingerprint

Gross Domestic Product
economic impact
Energy efficiency
Economics
energy
energy efficiency
programme

Keywords

  • renewable energy policy
  • climate change
  • Scotland
  • UK energy market
  • economy-wide rebound
  • energy efficiency
  • household spending
  • economic growth

Cite this

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title = "Potential Wider Economic Impacts of the Energy Efficient Scotland Programme",
abstract = "We estimate that the combination of enabling energy efficiency gains via the above spending and the knock-on impacts of realising this gain on household spending power, will deliver a cumulative boost of £7.8 billion to Scottish GDP over the next 30 years (a timeframe that allows time for all loans on later spending to be paid off). The GDP boost also equates to the sustained delivery of an additional 0.23{\%} in Scottish GDP into the long term. The GDP boost would be associated with around 6,000 sustained (full-time equivalent) jobs, realised in the fourth year of the programme and largely sustained in the long term.",
keywords = "renewable energy policy, climate change, Scotland, UK energy market, economy-wide rebound, energy efficiency, household spending, economic growth",
author = "Karen Turner and Antonios Katris and Gioele Figus and Ragne Low",
note = "Published by the University of Strathclyde's Centre for Energy Policy, as part of the International Public Policy Institute (IPPI).",
year = "2018",
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publisher = "University of Strathclyde",

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Potential Wider Economic Impacts of the Energy Efficient Scotland Programme. / Turner, Karen; Katris, Antonios; Figus, Gioele; Low, Ragne.

Glasgow : University of Strathclyde, 2018. 5 p.

Research output: Book/ReportOther report

TY - BOOK

T1 - Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

AU - Turner, Karen

AU - Katris, Antonios

AU - Figus, Gioele

AU - Low, Ragne

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N2 - We estimate that the combination of enabling energy efficiency gains via the above spending and the knock-on impacts of realising this gain on household spending power, will deliver a cumulative boost of £7.8 billion to Scottish GDP over the next 30 years (a timeframe that allows time for all loans on later spending to be paid off). The GDP boost also equates to the sustained delivery of an additional 0.23% in Scottish GDP into the long term. The GDP boost would be associated with around 6,000 sustained (full-time equivalent) jobs, realised in the fourth year of the programme and largely sustained in the long term.

AB - We estimate that the combination of enabling energy efficiency gains via the above spending and the knock-on impacts of realising this gain on household spending power, will deliver a cumulative boost of £7.8 billion to Scottish GDP over the next 30 years (a timeframe that allows time for all loans on later spending to be paid off). The GDP boost also equates to the sustained delivery of an additional 0.23% in Scottish GDP into the long term. The GDP boost would be associated with around 6,000 sustained (full-time equivalent) jobs, realised in the fourth year of the programme and largely sustained in the long term.

KW - renewable energy policy

KW - climate change

KW - Scotland

KW - UK energy market

KW - economy-wide rebound

KW - energy efficiency

KW - household spending

KW - economic growth

UR - http://www.strath.ac.uk/ippi/

UR - https://www.strath.ac.uk/research/internationalpublicpolicyinstitute/centreforenergypolicy/

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BT - Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

PB - University of Strathclyde

CY - Glasgow

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