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<p>The transition to a clean, low carbon economy can help give us towns and cities
with cleaner air and warmer homes with lower bills, while growing our economy and
supporting new jobs in growing low carbon industries – already there are almost 400,000
jobs in low carbon business and their supply chains. By one estimate this could grow
to 2 million jobs in 2030.</p><p> </p><p>But as our economy changes we must make sure
that this growth is inclusive, benefits people right across the UK, supporting workers
as industries change and ensuring the costs as well as the benefits are shared fairly,
protecting consumers, workers and businesses. The Offshore Wind Sector Deal sets out
that offshore wind could support 27,000 jobs across the UK by 2030. With the industry
committed to sourcing 60% total lifetime UK content and increasing UK content in the
capital expenditure phase, there will also be a need for highly skilled workers in
manufacturing areas throughout the supply chain. The sector will also bolster regional
clusters by working with local, regional, and devolved government and economic development
agencies.</p><p> </p><p>That is why we have announced that HM Treasury will be conducting
a review into the costs of decarbonisation, including how to achieve this transition
in a way that works for households, businesses and public finances, and the implications
for UK competitiveness.</p>
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