The Institute for Public Policy Research said harnessing the UK’s advantage in green technologies could help reverse manufacturing decline.
The UK must harness its competitive advantage in green industries to reach net zero and reverse manufacturing decline, a report has said.
It has urged the Government to adopt a long-term strategy aimed at harnessing these sectors, alongside kickstarting domestic manufacturing of things such as wind turbines, electric vehicles and heat pumps. The UK is set to lose one of its last blast furnaces for making virgin steel from iron ore, as Indian conglomerate Tata plans to transfer to a greener steelmaking process that relies on scrap metal at its Port Talbot plant.
“Yet UK manufacturers still have a competitive edge in making some of the products vital for a net zero economy, and with the right Government support we have the potential to be world leading in many more. Stephen Phipson, chief executive of MakeUK, said: “Just as the first industrial revolution provided a step change, the accelerating pace of technological change of the fourth industrial revolution, in particular the drive to net zero, gives us a generational opportunity to do the same now.”
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