Energy Sectors Multipliers
The Welsh Government has identified the energy sector, in particular renewable energy, as one of its priority economic sectors. As part of its strategy they wish to better understand the full range of economic and employment activity associated with different energy technologies.
Regeneris Consulting and Cardiff University estimated supply chain and spending effects from investment and employment in carbon and renewable energy technologies. This drew on an extensive evidence from the UK and elsewhere in the world to look at construction, operational and decommissioning phases.
Our research has been used to inform Welsh Government’s energy policy and help maximise the local economic development benefits of investment.
Estimating economic and employment multipliers for key energy sectors in Wales