This is a very ambitious target but a welcome challenge for both the industry and consumers/prosumers. Key to delivering on these targets are supportive policies from government. With commitments to COP21, hopefully this can become a reality. However with costs continuing to fall for renewable technologies and energy storage systems they become more and more appealing to the masses.
Without taking into account recent job cuts associated with solar PV, the annual growth in jobs in renewables was twice the UK economic growth average. The Labour party are throwing their support behind renewable energy job creation which is great to see. This of course is the area of interest for us at Hyperion as we support leading companies in the industry to bring key talent into their organisations both in the UK, Europe and further afield.
The number of active participants in the U.K. energy market is forecast to grow to 24 million by 2050 as Europe’s "energy citizens" mobilize on the back of cheaper and more distributed power, says the European Renewable Energies Foundation. Renewable energy’s growing importance in the British power landscape is also reflected in recent employment figures that show the number of people working in the sector in 2014/15 in the U.K. was 117,000, according to the Renewable Energy Association (REA) – a growth of 6.1% year-on-year, which is more than double average U.K. economic growth. Shadow Secretary of State for Energy and Climate Change, Barry Gardiner MP, has issued a rallying cry in support of clean energy. Gardiner has pledged to bank fracking completely and create 300,000 renewable energy jobs should Labour come to power in the next general election.