Jamie Nieto, Paul Brockway and John Barrett
Abstract
The UK Labour Party’s ‘UK Energy Plan’ is aimed at achieving a 60% Renewable and Low Carbon energy mix by 2030. In order to achieve this objective, different actions are planned for the period 2019-2030, which can be split in three Parliaments: 2019-2022; 2022-2026; 2026-2030. Key actions include a building retrofit plan; development of new renewable energies infrastructures; building system heating improvements. Total investments planned over this 12 year period are £590Bn.
Researchers at the University of Leeds undertook a macroeconomic study to estimate the broader socio-macroeconomic impacts of implementing the Labour Party’s UK Energy Plan. The modelling analysis used the University of Leeds’ MARCO-UK econometric model. Key results include quantification of energy reduction and wider impacts on GDP, jobs, wages and disposable income.
Publication details
Nieto, J., Brockway, P. and Barrett, J. 2019. Report on the socio-macroeconomic impacts of the UK Labour Party’s renewable and low carbon energy targets in the '30 by 2030' UK Energy Plan, pdfOpens in a new tab. Sustainability Research Institute (SRI) Leeds Working Paper No. 120. (32 pages, 2 MB)
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