Haven Power

Renewables investment could fall by 95%

Renewables investment could fall by 95%


Investment in the UK’s renewables infrastructure is facing a “cliff edge” that could jeopardise long-term emissions reduction, think tank Green Alliance has said. The organisation’s analysis of the government’s infrastructure pipeline said that renewables spending had dropped by £1.1bn over the last six months and that this was a consequence of a lower number of projects rather than falling costs. Further, it said that investment in renewables was set to fall by 95% between 2017-20. The report said: “The challenge for government will be to deliver the policy required in the forthcoming Emissions Reduction Plan to keep low-carbon investment up for the tail end of this parliament and into the 2020s.”

Green Alliance