Europe may be performing better in EY’s influential rankings, but the UK has fallen to its lowest position yet, reports BusinessGreen
Earlier this year it was starting to look worryingly like Europe was slamming into reverse gear with its clean energy policy. In its biannual report on renewables investment, released in May, consultancy EY reported that countries across the continent were becoming less attractive to investors as the pipelines of clean energy projects slowed following widespread subsidy cuts and a perceived “scaling back” of ambition.
Almost without exception, European markets slipped down the rankings while emerging economies across Latin America, Asia and Africa took their place near the top of the league table thanks to government plans to deploy green energy as a fast, relatively cheap way to develop their grids.
Source: Guardian Environment