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July 19, 2023

Poor investment climate stymies UK energy transition — industry report

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A successful UK clean energy transition is dependent on government, business and civil society working together effectively, according to a report by Energy UK and Oxford Economics (Photo: INA FASSBENDER/AFP via Getty Images)
A successful UK clean energy transition is dependent on government, business and civil society working together effectively, according to a report by Energy UK and Oxford Economics (Photo: INA FASSBENDER/AFP via Getty Images)

A new report warns that without additional investment in clean energy the UK risks falling behind not just the US but also China and various EU countries in the race to decarbonise.

A “weakened investment climate” is making it harder for the UK to reach a decarbonised future, a report by industry organisation Energy UK and advisory company Oxford Economics has concluded.

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