Government export finance agency’s ongoing support of oil and gas projects overseas is harming the environment, tarnishing the UK’s reputation as a climate leader, and limiting its potential to create jobs, according to a new analysis published today. The UK’s export credit agency could support up to 42,000 jobs around the UK by 2035 if it switches it support for overseas fossil fuel projects to renewables and clean energy infrastructure, according to a major new analysis from Vivid Economics. The report, published this morning, argues the government’s ongoing support of overseas fossil fuel infrastructure not only fuels environmental degradation and global warming, but is a huge missed opportunity to generate tens of thousands of UK jobs as part of a ‘green recovery’ from the coronavirus crisis.
Business Green 15th Oct 2020 read more »
Energy Voice 15th Oct 2020 read more »