UK renewables investment falls for second year running
16 January 2018
At an Environmental Audit Committee hearing in Parliament this morning, MPs were told by Bloomberg New Energy Finance (BNEF) that new figures show renewable energy investment in the UK was ‘dramatically lower' in 2017 compared to 2016. This is the second year running that the UK has seen a drop in renewable energy investment.
Commenting on the new figures released by BNEF this afternoon, Mary Creagh MP, Chair of the Environmental Audit Committee said:
“This is the second year in a row that renewable energy investment in the UK has nose-dived. Current rates of investment simply won't deliver enough renewable energy to meet our legally binding carbon reduction targets. Losing European Investment Bank funding if we leave the EU could make the problem even worse.”
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