The Office for National Statistics (ONS) has found that the Environmental Goods and Services Sector growing nearly four times faster than wider economy.
The main points of the ONS’s report are that:
The environmental goods and services sector (EGSS) contributed £62.5 billion of output to the UK economy in 2015, growing 27% between 2010 and 2015 (without adjusting for inflation).
The EGSS contributed £30.5 billion to the economy in terms of gross value added (GVA) in 2015, growing by 23% since 2010 and continuing to represent around 1.6% of UK gross domestic product.
The environmental goods and services sector contributed around 335,000 full-time equivalent jobs to the economy in 2015; an increase of 10% from 2010 to 2015 and representing around 1% of total UK employment.
Waste management accounted for the single largest proportion of total EGSS output (23%) and employment (30%) in 2015.
Between 2010 and 2015, the output and GVA from production of renewable energy activities nearly trebled, from £4.6 billion to £12.8 billion and £2.3 billion to £6.2 billion respectively.
The production of renewable energy accounted for 4% of total EGSS employment but around 20% of total EGSS output and GVA in 2015.
All in all if you switch from your plastic bags and now try our paper bags for your business you will be joining a fast growing part of the economy. Best of all our paper bags are made and printed here in the UK so we are doubly good for the environment!
This post was written by Lucy Larkman