The UK was falling behind Europe in developing green industries, even before backsliding by Rishi Sunak’s government on net zero policies alarmed investors.

Contrary to the government’s position that the UK is ahead and can therefore afford to slow down, green goods and services contributed just 3.9% of the British economy compared with 5.8% for the European Union in 2019, according to a report by the Institute for Public Policy Research. In Denmark and Sweden, the figures were 10.9% and 11.5%, respectively.

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UK Trails Europe in Developing Green Economy, New Study Shows