Frontier Economics has produced a report, commissioned by Energy Systems Catapult, on carbon emissions figures and the link between carbon policy, changing economic activity and the impact on future UK productivity growth.
Official UK productivity statistics, released today, don’t include the value of reducing the UK’s carbon footprint on productivity. The report highlights two key findings: carbon policy need not harm productivity; and it may produce a productivity boost. If national governments pursue policies that recognise the link between carbon policy and productivity growth, the two can work hand in hand. Accurate measurement could also provide better signals to boost productivity and figures should take account of business progress on cutting carbon.
Frontier’s Director Matthew Bell, has written an accompanying editorial summarising the report’s findings, released by Business Green, a publication delivering the latest news and in-depth analysis on green business and environmental issues.
Frontier Economics regularly advises companies and government on a wide range of issues impacting climate change and environmental policies.