London Low Carbon Market Snapshot (2015)
The value of London’s Low Carbon and Environmental Goods and Services sector in 2014/15 was worth £30.4bn to London’s economy, as indicated by the value of sales in the sector, it contained over 10,900 businesses and employed over 192,000 people.
The Low Carbon and Environmental Goods and Services sector has continued to grow from £20.9bn in 2007/08 to £30.4bn in 2014/15. The sector has shown great resilience during challenges of the economic downturn and continues to achieve annual growth rates greater than the UK economy as a whole. The sector has grown by more than 6% in London in each of the last two years which is greater than the UK average for this sector. Growth in London is expected to continue at over 6% throughout the decade if you exclude Carbon Finance but at over 8% if Carbon Finance is included.