26th February 2026
Turnover of the UK's low carbon and renewable energy economy (LCREE) was an estimated £77.0 billion in 2024 in current prices, an increase of £8.1 billion (11.8%) since 2023.
UK LCREE employment in 2024 was estimated at 304,000 full-time equivalents (FTEs), down by 13,000 FTEs (4.1%) since 2023.
Compared with 2015, the first year of comparable data, UK LCREE turnover increased by 91.3%, while employment increased by 51.6%.
The LCREE group with the highest turnover in 2024 was low carbon electricity, at £33.6 billion, or 43.7% of the total; the energy efficient products group had the highest employment level, with 130,000 FTEs, or 42.8% of the total.
Turnover of the low emission vehicles and infrastructure group had the largest percentage increase (33.8%) since 2023, from £8.7 billion to £11.6 billion.
Employment in the low carbon services group had the largest percentage increase (20.5%) since 2023, from 17,600 to 21,200 FTEs.
Low carbon and renewable energy economy: UK totals
In 2024, LCREE turnover reached an estimated £77.0 billion, up by £8.1 billion (11.8%) when compared with 2023. Over the same period, LCREE employment was estimated at 304,000 full-time equivalents (FTEs), a 13,000 FTE (4.1%) decrease since 2023 (Table 1).
The number of UK businesses reporting LCREE activity has increased by almost a quarter (24.9%), from 94,500 in 2023 to 118,000 in 2024.
The energy efficient products group accounted for the largest share of LCREE employment, with 130,000 FTEs (42.8% of the total) in 2024. In the same period, the low carbon services group saw the largest percentage increase since 2023, rising from 17,600 to 21,200 FTEs, a 20.5% increase.
Read he full ONS report HERE