RenewableUK publishes seven key steps for UK Government to fend off foreign renewables competition

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In the run-up to the Chancellor’s Spring Budget on 15th March, RenewableUK has published a new report setting out seven key steps which the Government could take to ensure that the UK doesn’t get overtaken by other countries in the face of intense global competition to attract private investment in vital new clean energy projects.

The report, entitled “Retaining the UK’s leadership in renewables - recalibrating policy in the midst of an energy crisis and increasing global competition” warns that as the US and EU are creating far more positive policy and regulatory environments for investors, the UK must offer its share of fiscal incentives for developers and supply chain companies, such as new capital allowances for the clean technology sector. The measures... ... More: Official Press Release RenewableUK

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RenewableUK, Spring Budget, report, government, UK, renewable energy, clean, green, floating, offshore, onshore, tax credit, IRA, competition