Be Eco Friendly

Mar 29 2010

UK's low carbon market defies recession to clear £110bn mark

By paulgreen

The UK’s low carbon market defied the recession throughout 2009, exceeding expectations to grow 4.3 per cent during the year to £112bn, according to new figures to be released later today.

The data, which was compiled by consultancy firm Innovas on behalf of UK Trade & Industry (UKTI), also revealed that over 900,000 people are now employed by businesses providing environmental goods and services.

In a further indication of the burgeoning strength of the carbon market, the carbon finance sector enjoyed the fastest growth rate of 7.9 per cent, followed closely by the wind energy industry which grew 6.5 per cent, and the solar market which grew six per cent