Britain is now ranked 13 out of 40 in EY's “renewable-energy country attractiveness index.” The UK has been a leader on renewable energy, but the government recently announced plans to phase out subsidies for wind and solar power by 2020. EY’s energy corporate finance leader, Ben Warren, said the lack of change in British policy meant “the only way for the UK in our index seems to be down.”
Britain is now ranked 13 out of 40 in EY's “renewable-energy country attractiveness index.” The UK Government’s policy of replacing coal power with nuclear and gas is said to be going “against the grain” of other nations seeking renewable options, and the country’s lack of investment makes is less attractive than China, America, India and Argentina to those looking to invest in renewable energy. EY’s energy corporate finance leader, Ben Warren, said the lack of change in British policy meant “the only way for the UK in our index seems to be down.”