Integratingprojectonenergyandeconomy

The transition to a net zero energy system will have wide ranging implications for the UK’s economy. It will lead to growth in some sectors and fundamental change for others. This project is led by a team from UCL and University of Leeds. It is drawing on expertise from across the UKERC research programme to investigate these implications.

The project includes two main activities. The first is methodological, and is reviewing how the energy system is represented in economic models to identify where improvements need to be made in model design, structure and data. The second activity is exploring the macroeconomic implications of the transition to net zero, including a specific focus on one or more key sectors of the economy, such as energy intensive industries and the automotive industry.

The project team are engaging with officials from the UK government throughout the project, including those involved in the Treasury review into funding the transition to net zero.