Net Zero in the North East of England: regional transition impacts
Independent research to model potential regional economic impacts of the transition to net zero, piloted for the North East of England.
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The transition to net zero will have different impacts on the various regions of the UK. To understand this better, the government commissioned independent research to analyze the potential economic impacts of the transition to net zero, using the North East of England region as a pilot (defined as the combined areas covered by the North East and Tees Valley local enterprise partnerships). The research trials new forms of regional analysis and gathers evidence on the role for net zero in the levelling up agenda.
The illustrative analysis in the report suggests that the North East of England region will likely benefit from the transition to net zero, through 27,000 additional jobs and £1.9 billion of gross value added by 2050 relative to 2020, with the most gains taking effect from the late 2020s onwards.
Benefits for the region will be driven primarily by significant investments in low carbon energy and manufacturing in the region, due to geographic advantages and a strong existing industrial base.
The report is independent research commissioned by the Department for Business, Energy and Industrial Strategy. The assumptions in the report, and outputs, are not indicative of government policy.