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UK Economic Opportunities from the Global Energy Transition

03 Apr 2025

This Ricardo report for the UK government Department for Energy Security and Net Zero (DESNZ) provides an overview of the potential market growth and future UK market share for seven sectors key to the global energy transition, leveraging also the capabilities of Ricardo's GEM-E3 model. The report reviews and assesses UK competitive advantages, highlights the benefits and disbenefits of being an early mover for clean energy technologies. It also assesses the impacts of a faster energy transition.
 
Sectors covered by the report:
1. Renewables
2.CCUS and GGR
3.Hydrogen and biofuels
4.Nuclear
5.Smart systems
6.Heating and cooling
7.Industry

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UK Economic Opportunities from the Global Energy Transition