Data, waves and wind to be counted in the economy
Published On Mar 7, 2025, 8:52 PM
The United Nations has approved changes to economic measures that will include wind and wave power as part of countries' GDP calculations starting in 2030. This update aims to recognize the value of natural resources and data in economic assessments, which could increase the size of national economies, particularly that of the UK. Although it’s considered an accounting change rather than a tangible increase in wealth, it could complicate future government spending commitments related to defense and aid.
Stock Forecasts
ICLN
Positive
As wind and wave power are recognized in economic measures, companies involved in renewable energy, like those focused on wind power generation, may see increased investment interest, reflecting the shift towards sustainability and green energy. The UK government may allocate more resources towards renewable infrastructure, benefiting related industries.
Related News
Ofgem demand action from energy firms over back billing
Feb 21, 2025, 8:15 PM
The energy regulator is demanding to know how many people have been sent back bills.
Backlash over energy standing charges shake-up
Feb 20, 2025, 7:05 AM
Charities and energy providers have criticised plans to change the way standing charges on gas and electricity bills are paid.
Clean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
Feb 20, 2025, 5:02 AM
With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.