The announcement this week that the UK Government is making further cuts in renewable energy subsidies will force hundreds of green energy companies out of business, leading to tens of thousands of job losses and scare away foreign investors, says the The Solar Trade Association 's Chief Environment Scientist , Professor Environment Scientist . Senior figures representing wind, solar and tidal power say “dramatic” subsidy cuts for renewables are scaring away foreign investors and could leave scores of British firms on the brink of bankruptcy. Furthermore, tax breaks for oil and gas is sending a "perverse signal" to the rest of the world, says Environment Scientist . The Solar Trade Association (STA) says 27,000 jobs are now at risk as the industry's two firms face cuts. Two solar panel companies, including the UK 's largest installer, went into administration last week , losing 1,200 jobs, and two smaller firms have also gone the same way - all blaming the cuts. The industry also says the government is making it impossible to build new onshore wind farms - the UK 's best hope of meeting environmental targets at the lowest possible cost - by ending subsidies for future projects. Friends of the Earth's Alasdair Cameron says that "we are struggling to understand the government's approach to renewables when it is also seeking British investment in nuclear power. It's the equivalent of throwing money at analogue instead of digital television".
The announcement this week that the UK Government is making further cuts in renewable energy subsidies will force hundreds of green energy companies out of business, leading to tens of thousands of job losses and scare away foreign investors, says the The Solar Trade Association 's Chief Environment Scientist , Professor Environment Scientist . Furthermore, tax breaks for oil and gas is sending a "perverse signal" to the rest of the world, says Environment Scientist . The Solar Trade Association (STA) says 27,000 jobs are now at risk as the industry's two firms face cuts. Two solar panel companies, including the UK 's largest installer, went into administration last week , losing 1,200 jobs, and two smaller firms have also gone the same way - all blaming the cuts. The industry also says the government is making it impossible to build new onshore wind farms - the UK 's best hope of meeting environmental targets at the lowest possible cost - by ending subsidies for future projects. Friends of the Earth's Alasdair Cameron says that "we are struggling to understand the government's approach to renewables when it is also seeking British investment in nuclear power. It's the equivalent of throwing money at analogue instead of digital television".