The shift to a net zero economy will be one of the most significant economic transformations in decades. It will have far reaching consequences for communities and individuals across the UK, for livelihoods and lifestyles. While this decarbonisation journey offers potentially rich rewards, it also contains significant risks for the Welsh economy. While Wales’ natural resources may lend themselves to renewable generation projects, there is no guarantee that the supply chains and workforces inv...

The shift to a net zero economy will be one of the most significant economic transformations in decades. It will have far reaching consequences for communities and individuals across the UK, for livelihoods and lifestyles. While this decarbonisation journey offers potentially rich rewards, it also contains significant risks for the Welsh economy. While Wales’ natural resources may lend themselves to renewable generation projects, there is no guarantee that the supply chains and workforces involved in the development of these programmes will be based in, or come from, Wales. Securing the benefits of, and minimising the risks from, the shift to Type: conclusion | Number: 8 | Paragraph: 43 | Response status: under_consideration Government response: The UK government set out in the Ten Point Plan for a green industrial revolution, the importance of supporting levelling up and revitalising our industrial heartlands—and supporting up to 250,000 jobs across the UK by 2030—as we transition t