Slashing of government support for clean energy and power supplies in Britain has led to a decrease in investor interest in renewable energies, dropping the UK to 13th place in global rankings for attractiveness to clean energy companies. The UK government has favoured the more expensive alternatives of shale gas and nuclear power, potentially leading to the loss of thousands of jobs and over £10billion of investment created by renewable energy production. In an interview with BBC Radio 4’s Today programme, Mr Cameron said: “Renewable energies are not just about green energy.
Slashing of government support for clean energy and power supplies in Britain has led to a decrease in investor interest in renewable energies, dropping the UK to 13th place in global rankings for attractiveness to clean energy companies. The UK government has favoured the more expensive alternatives of shale gas and nuclear power, potentially leading to the loss of thousands of jobs and over £10billion of investment created by renewable energy production. However, wind energy companies remain confident the renewable energy market in the UK is set to grow as auctions for licenses to operate new wind-farms are underway.