UK at risk of lagging behind EU and US in clean energy investment race

Although the UK has set out ambitious clean energy targets, it risks lagging behind the US and the EU in attracting the required investments, two of the country’s energy trade organisations have warned. Ahead of the Chancellor’s Spring Budget next month, Energy UK and Renewable UK have published two separate reports, calling on the government to implement measures and rule changes that will enable the UK to attract vital private investment in renewables. “The renewable energy sector is facing a perfect storm this year. According to Energy UK’s report, investment in low-carbon electricity generation “has deteriorated significantly” in the past…

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