Environmentally-adjusted productivity measures for the UK EXECUTIVE SUMMARY - Green productivity measurement

20.500.12592/3pcmt7

Environmentally-adjusted productivity measures for the UK EXECUTIVE SUMMARY - Green productivity measurement

15 Nov 2022

Environmentally-adjusted productivity measures for the UK EXECUTIVE SUMMARY Green productivity measurement Introducing environmental factors into productivity estimates The twin challenges of the economy and climate change have in the past been pitted against each Conventional productivity measures ignore ‘bad other. [...] Our research contribution is two-fold: we believe This new research explores four ways to measure we are the first to treat environmental protection productivity adjusting for environmental factors in expenditure as capital investment in the UK context; the UK, introducing natural capital into the mix. [...] The growth in energy-productivity and emissions- • Productivity is how much output can be productivity could be just because of the changing produced per unit of input, so in this case the industrial composition of the UK economy. [...] • There is more to be done to develop these measures, but they offer insights into the opportunities for productivity growth to support the Net Zero transition, and an opportunity to reflect on the way our economic statistics help us understand important economic and environmental challenges. [...] For this research, freshwater, soils and sub-soils (including fossil it is taken from the GDP output approach low-level fuels), minerals, the atmosphere and oceans and aggregates dataset from the ONS.
Pages
5
Published in
United Kingdom

Tables