UK green energy investment halves after policy changes
16 January 2018
Investment in clean energy plunged further in Britain than in any other country last year because of government policy changes, new figures show.
The amount companies spent on green energy in the UK rose during the years of the coalition government (2010-2015) but has now fallen for two years in a row under the Conservatives, according to analysis by Bloomberg Energy New Finance (BNEF).
While investment in wind, solar and other renewable sources slumped by 56% to $10.3bn (£7.5bn) in the UK, worldwide spending climbed 3% to $333.5bn (£242.4bn), the second-highest level on record.
Mary Creagh, Labour MP and chair of the environmental audit committee, warned that the fall would put the UK’s climate targets at risk.
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