Investment in green energy in the UK has plummeted to its lowest level in seven years, according to new figures from Bloomberg, with campaigners claiming that much of the blame can be pinned on the Government’s failure to set a target date for cleaning up the power sector.
As the Government prepares to put its Energy Bill before MPs this week, the Bloomberg figures show clean energy investment has fallen from £7.2bn in 2009 to under £3bn last year – and is heading below £1.9bn in 2013. Critics claim the analysis fatally undermines the coalition’s claim to be “the greenest government ever” and raises concerns over the UK’s chances of slashing carbon emissions in line with international treaties.
The Government will come under intense pressure to demonstrate its green credentials tomorrow when a cross-party alliance of MPs will try to force into the Energy Bill a target date for “decarbonising” the power sector. The veteran Conservative Tim Yeo has co-authored an amendment calling for Britain’s electricity sector to produce no more than 50g of carbon dioxide per kilowatt hour by 2030 – which is considered the equivalent of decarbonisation. The Energy Secretary, the Liberal Democrat Ed Davey, has opposed the move, claiming it should be delayed until after the next election.
See on www.independent.co.uk