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. Britain’s appeal as a market for investment in renewable energy has been diminished by UK Government policy, a new report said. 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 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.”