Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

Karen Turner; Antonios Katris; Gioele Figus; Ragne Low

doi:10.17868/63819

Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

Karen Turner, Antonios Katris, Gioele Figus, Ragne Low

Research output: Book/Report › Other report

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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.

Original language	English
Place of Publication	Glasgow
Publisher	University of Strathclyde
Number of pages	5
DOIs	https://doi.org/10.17868/63819
Publication status	Published - 2 May 2018

Keywords

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

Access to Document

10.17868/63819Licence: CC BY-NC 4.0

Turner-etal-IPPI-2018-Potential-wider-economic-impacts-of-the-energy-efficient-scotland-programmeFinal published version, 464 KBLicence: CC BY-NC 4.0

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).",

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doi = "10.17868/63819",

language = "English",

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

AU - Turner, Karen

AU - Katris, Antonios

AU - Figus, Gioele

AU - Low, Ragne

N1 - Published by the University of Strathclyde's Centre for Energy Policy, as part of the International Public Policy Institute (IPPI).

PY - 2018/5/2

Y1 - 2018/5/2

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/

U2 - 10.17868/63819

DO - 10.17868/63819

M3 - Other report

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

PB - University of Strathclyde

CY - Glasgow

ER -

Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Energy Saving Innovations and Economy-Wide Rebound Effects

The 2013 Social Accounting Matrix for Scotland disaggregated by household income quintiles

Funding UK Residential Energy Efficiency: The Economy-wide Impacts of ECO and its Alternatives

The Potential Impacts of Brexit on Energy Efficient Scotland Funding

Energy efficiency plan should bring valuable extra benefits

Cite this

Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Projects

Energy Saving Innovations and Economy-Wide Rebound Effects

Datasets

The 2013 Social Accounting Matrix for Scotland disaggregated by household income quintiles

Research output

Funding UK Residential Energy Efficiency: The Economy-wide Impacts of ECO and its Alternatives

The Potential Impacts of Brexit on Energy Efficient Scotland Funding

Activities

Energy efficiency plan should bring valuable extra benefits

Cite this