1、Manufacturing a sustainable future CAPITALISING ON GREEN TECHNOLOGIES2Manufacturing a sustainable future capitalising on green technologiesContentsExecutive Summary 3State of play:Green technology adoption in the manufacturing industry 5Overcoming barriers to investing in green technology 11Internat
2、ional Comparators 15Unlocking our green technology potential:conclusions and recommendations 19Appendix 22About 25Executive SummaryGreen technologies are instrumental in addressing the challenge of climate change and meeting environmental obligations throughout the supply chain.Manufacturing economi
3、es of the world are in a race to benefit from the green technologies of the future.The implementation of the UKs new Industrial Strategy must help industry take full advantage of the latest green tech to ensure Britain maximises the available benefits to enable companies to compete successfully on t
4、he world stage.To capitalise on this opportunity,the UK should focus on designing a comprehensive,consistent policy environment and building infrastructure that can accelerate the adoption of the very latest green technologies.According to the Office for Budget Responsibility(OBR),a reasonable UK ra
5、nge for investment multipliers is 1.31.6 in the near term.Based on these standard UK fiscal multipliers,an additional 9.2 billion of private sector investment by UK manufacturers would increase UK GDP by between 12bn and 15bn over the next decade,supporting the creation of approximately 43,000 new j
6、obs directly,and 63,000 jobs in total when indirect job creation across supply chains is included.The scale of the payoff will depend on the domestic content of supply chains,but the direction of impact is clear.Expanding finance for manufacturers to adopt efficiency measures,electrified heat,and on