Investment in renewables in the UK fell by £1.1bn ($1.4bn) in the past six months, according to analysis by Green Alliance. It claims that investment in wind, solar, biomass, and waste-to-energy projects will decline by 95% by 2020, and warns that this decline needs to be stemmed in order for the UK to meet the Paris climate pledge. “This appears to be down to local authorities choosing to spend transport funds on bus and light rail as well as cycling and walking”, it states. The report says that while renewable investments have fallen since 2010, they are still growing at a faster rate than fossil fuel investments.
Investment in renewables in the UK fell by £1.1bn ($1.4bn) in the past six months, according to analysis by Green Alliance. It claims that investment in wind, solar, biomass, and waste-to-energy projects will decline by 95% by 2020, and warns that this decline needs to be stemmed in order for the UK to meet the Paris climate pledge. The report says that while renewable investments have fallen since 2010, they are still growing at a faster rate than fossil fuel investments.