Green Alliance has warned that investment in the UK’s renewables infrastructure is confronting a “cliff-edge” that could potentially risk long-term emissions reductions.
The organisation has analysed the government’s infrastructure pipeline and has found that spending on renewables has dropped by £1.1bn in the last six months alone and that it is a consequence of a lower number of projects. The green group went on to say that investment in renewables is set to fall by a massive 95% between 2017-2020.
The report stated: “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.”
The research also revealed that private sector energy investment was “rapidly” moving away from high carbon infrastructure. In contrast, public sector high carbon investment is still rising, although slowly.