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UKDataPolicy and Regulation
February 26, 2024

In Charts: UK clean energy investment jumps in 2023 but ‘acceleration’ still needed

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Wind turbine blades in Hull, UK. The UK’s growth in clean energy spending came from “very strong renewable energy investment last year for wind and solar”, according to BNEF (Photo: Darren Staples/Bloomberg)
Wind turbine blades in Hull, UK. The UK’s growth in clean energy spending came from “very strong renewable energy investment last year for wind and solar”, according to BNEF (Photo: Darren Staples/Bloomberg)

UK clean energy investment increased dramatically between 2022 and 2023, according to data from Bloomberg New Energy Finance – but experts urge policymakers not to rest on their laurels

UK energy transition spending jumped 84 per cent in 2023 compared to 2022, data from Bloomberg New Energy Finance shows. Investment in wind and solar rebounded strongly from a weak 2022 and the electric vehicle market “reached new highs”.

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