Government urged to outline “coherent” low-carbon plan
Private sector investment in low-carbon infrastructure will fall sharply by the end of the decade owing to policy instability, think tank the Green Alliance has warned. The group’s analysis of the UK’s infrastructure pipeline, issued on Tuesday 29 March, suggested that low-carbon electricity investment would peak at £14.1bn in 2018, just over double the figure recorded from 2015 (£7bn). However, it said that investment in the sector would fall back to £8.3bn by 2020, with renewables investment dropping to £238mn––down 96% on its peak in 2017. The analysis said investor confidence would only return if the government set out a “coherent” low-carbon energy plan.