Low carbon jobs offer regions like the North East the opportunity to turn around decades of industrial decline, a new report says.
The report by the Onward think tank highlights Nissan’s investment into electric vehicles and the redevelopment of the Teesworks site on Teesside as examples of how low-carbon technologies can help the Government’s levelling up agenda. But the report also warns that the UK has around five years to secure investment in green industries to replace traditional sectors in places like the North East or risk missing out on the green industries of the future to competitors in the EU, the USA, and Asia.
The report says the North and Midlands “are uniquely exposed to the challenges and the opportunities from the Net Zero transition”, adding: “Risks abound, from car manufacturers in the West Midlands, to steel producers in Scunthorpe and South Wales, and high-carbon industries in Teesside and Humberside.
