Related Articles
Forward article link
Share PDF with colleagues

Committee warns UK of low-carbon investment shortage

A parliamentary committee which audits energy policy has issued a stern warning

The UK’s financial stability and its greenhouse gas (GHG) reduction targets are in jeopardy because of a gaping shortfall in low-carbon investment, a new report has claimed. The report, published by  the UK’s Environmental Audit Committee (EAC), said there is a looming gap in finance for low-carbon energy investments.  The EAC, which reports on UK government energy policies to the House of Commons, said low-carbon investment is currently less than half of the £200 billion ($330bn) needed in energy infrastructure funding alone by 2020. Without this, the UK is unlikely to reach its national carbon emissions reduction targets, it said. The UK wants to cut carbon emissions by 80% by 2050, relat

Also in this section
US tight oil production moves up a gear
23 April 2018
The Permian is leading America's surging crude production, but there are warning signs in the data
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region