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Awarded contract
Published 10 Nov 2023

Research to quantify the economic opportunities as a result of global energy transition for future UK Government policy development.

Department for Business, Energy & Industrial Strategy · United Kingdom

Key facts

Contract value
£100,870
Awarded
22 Dec 2023
Contract starts
05 Jan 2024
Contract ends
29 Mar 2024
Procedure
Open procedure (below threshold)
Buyer type
Central government

Awarded to

SupplierValue
RICARDO-AEA Ltd£100,870

Description

The green transition will reshape global markets, provide new opportunities for businesses and have benefits beyond just reducing emissions. We are seeking research to be undertaken to answer some key questions for us in order to inform policy making decisions. We will be looking for a quantitative, evidence-based narrative on the benefits from a faster global transition.

The objectives of the project are to:

Fill highlighted evidence gaps with robust, quantifiable and published analysis which can be used to directly support policy development. Provide a quantitative, evidence-based assessment on how benefits change from different rates of the global transition. We are aware of the additional costs associated with a global transition, including the higher costs from a faster clean transition, but traditionally the benefits, particularly in relation to the UK are less well understood. The aim is that this analysis will help provide a more balanced quantitative assessment.

This analysis should focus on benefits, opportunities out to 2030, but also consider the longer-term benefits out to 2050 for some of the more nascent technologies.

Additional information: Redacted Contract

Categories (CPV)

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