Wednesday, 30 March 2011

British renewables investment drops 70%

Figures released today (March 29) appear to show the UK is rapidly collapsing as a renewable energy hub.

Apparent fear amongst private investors over the Conservative lead coalition's position on renewable power seems to have completely stalled what was a rapidly growing market, according to the figures.

World-wide statistics released by the influential American Pew Charitable Trust claim the UK's private investment in clean energy fell by 70% in 2010.

The drop in UK funding comes depite figures for the rest of the world where, overall, investment grew by 30% to a new record of $243 billion in 2010.

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