Renewable energy investors fear UK dash for gas, says Ernst & Young

Fears the UK will use gas-fired power stations to deal with its looming energy crisis rather than turn to renewable sources have seen the country drop out of the top five most attractive countries for clean energy investment.

The UK dropped to sixth out of 40 countries in Ernst & Young’s quarterly report, published today, falling back below Italy after a strong performance in offshore wind energy had raised its position earlier in the year.

The new emissions performance standard for power plants unveiled in last week’s draft Energy Bill sparked fears of a new dash for gas if it is used as a bridge fuel while coal-fired stations are phased out… Read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: