Trade shocks could wipe out 90,000 green jobs in UK, study finds

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Britain risks widespread job losses across the clean-energy sector if global supply chains are hit by shocks, according to a new report that warns the country is too reliant on China for its climate ambitions. The UK currently sources about a third of its battery imports from China, and Japan is the leading supplier of cathodes and anodes, the two major components that go into battery cells. It means plans to ramp up domestic battery manufacturing by 2030 will remain heavily reliant on parts made overseas.

Modelling by the Institute for Public Policy…



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Trade shocks could wipe out 90,000 green jobs in UK, study finds


Britain risks widespread job losses across the clean-energy sector if global supply chains are hit by shocks, according to a new report that warns the country is too reliant on China for its climate ambitions. The UK currently sources about a third of its battery imports from China, and Japan is the leading supplier of cathodes and anodes, the two major components that go into battery cells. It means plans to ramp up domestic battery manufacturing by 2030 will remain heavily reliant on parts made overseas.

Modelling by the Institute for Public Policy…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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