This paper presents new evidence to inform industrial strategy prioritisation of clean energy technologies in the UK. It focuses on seven technology categories relevant for reducing emissions across power, heat and industry. We present a granular analysis at the sub-technology level to identify opportunities for growth, both nationally and sub-nationally, and consider strategic importance for the UK. A 'green industrial policy matrix' summarises our findings and points to CCUS and offshore wind as particular areas where the UK has current and future potential strengths, and where there is potential for growth that is regionally balanced - though all seven categories contain specific technologies that could represent opportunities for the UK. Our methodology can be extended for other technologies and sectors.
Pia Andres, Ralf Martin, Maxwell Read, Esin Serin, Arjun Shah and Anna Valero
25 November 2024 Paper Number CEPSP48
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This work is published under POID and the CEP's Growth programme.