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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

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