Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

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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 languageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Number of pages5
DOIs
Publication statusPublished - 2 May 2018

Keywords

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

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