London Low Carbon Market Snapshot (2013)

The value of London’s Low Carbon and Environmental Goods and Services sector in 2011/12 was worth £25.4bn to London’s economy, as indicated by the value of the sales in the sector, and contained over 9,200 companies employing over 163,500 people.

This sector has and continues to enjoy considerable levels of growth at a time when the general economy has been going through the most serious economic downturn since the 1930s. The Low Carbon and Environmental Goods and Services sector has grown over the last five years from £20.9bn in 2007/08 to £22.9bn in 2009/10 and has now reached £25.4bn in 2011/12.The sector has grown by more than 5% in each of the last two years and this rate of growth is faster than the UK average for the same period. It is forecast to continue to grow until the end of the decade by over 5% if you exclude carbon finance and by over 6% if you include carbon finance.