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Potential Wider Economic Impacts of the Energy Efficient Scotland Programme

Turner, Karen and Katris, Antonios and Figus, Gioele and Low, Ragne (2018) Potential Wider Economic Impacts of the Energy Efficient Scotland Programme. [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.