Investors 'deterred' from green future - 30/03/2011
A lack of clear vision about the UK's green electricity future has resulted in the loss of overseas investment opportunities.
This is the finding of a report from the Pew Environment Group, which noted that Britain has recorded the largest decline of investment in green energy out of all the countries in the G20.
Investors have instead been turning to the likes of China, Germany and India due to these nations' stronger policies on generating clean, cheap energy.
Phyllis Cuttino, director of the group's clean energy programme, told the Financial Times that uncertainty over the UK's offshore wind future had led to some investors steering clear.
She added: "There was uncertainty over the policy of the new government, especially as regards to offshore wind, which led to a huge drop-off in clean tech investment."
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