The Economic Impact of Scotland's Renewable Energy Sector – 2022 Update

Fraser of Allander Institute; Black, James. (2022) The Economic Impact of Scotland's Renewable Energy Sector – 2022 Update. University of Strathclyde, Glasgow.

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Abstract

Renewable electricity generation will an essential component of any net zero energy system. The deployment of renewable energy technologies such as onshore and offshore wind, solar photovoltaics, heat pumps and marine renewables is therefore paramount in the drive towards ending Scotland’s contribution to climate change. However, as well as serving to reduce greenhouse gas emissions, the deployment of renewable energy brings considerable benefits to the Scottish economy. These benefits come from the activities and employment of the renewable energy sector as well as the activity supported by renewables across the wider economy via spill-over impacts. Using a model of the Scottish economy, this report estimates the amount of economic activity that renewables currently support in Scotland.

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