Report: UK Export Finance could create 42,000 jobs if it dumps fossil fuels for clean energy

Cecilia Keating
clock • 4 min read

Government export finance agency's ongoing support of oil and gas projects overseas is harming the environment, tarnishing the UK’s reputation as a climate leader, and limiting its potential to create jobs, according to a new analysis published today

The UK's export credit agency could support up to 42,000 jobs around the UK by 2035 if it switches it support for overseas fossil fuel projects to renewables and clean energy infrastructure, according...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

Scotland delays green heat bill for second time, citing lack of UK-wide 'clarity'

Scotland delays green heat bill for second time, citing lack of UK-wide 'clarity'

Government reaffirms pledge to decarbonise buildings in Scotland by 2045, but delays crucial Bill beyond next year's Holyrood election

Stuart Stone
clock 19 November 2025 • 5 min read
Boiler Upgrade Scheme: Government set to expand scheme to include air conditioning heat pumps

Boiler Upgrade Scheme: Government set to expand scheme to include air conditioning heat pumps

Government expands heat pump scheme to include heat batteries and 'air-to-air devices' that can cool homes in summer, despite speculation over budget cuts

Stuart Stone
clock 18 November 2025 • 4 min read
COP30: SMEs demand more support from governments to help them reach net zero

COP30: SMEs demand more support from governments to help them reach net zero

Letter signed by organisations representing more than six million small and medium businesses warns dearth of policy support risks them being left behind in net zero transition

Michael Holder
clock 17 November 2025 • 4 min read