Finance, Tariff and Reform
Green Finance, the Export Tariff, and Reform of Power System Governance In May, the Commons Environmental Audit Committee said that falling investment in renewable energy projects over the last two years threatens Britain’s ability to meet its legally binding carbon targets. The 6 th report of the Commons Select Committee on Environmental Audit, published 16 May 2018, is entitled “Green finance: mobilising investment in clean energy and sustainable development”. In its summary, it notes that despite achievements in some areas “there are worrying signs that investment may have stalled in the last two years,” threatening the UK’s ability to meet its fourth (2023–2027) and fifth (2028–2032) carbon budgets … “Recent figures show that clean energy investment has fallen dramatically since 2015. In cash terms it fell by 10% in 2016 and by a further 56% in 2017. Annual clean energy investment in the UK is now the lowest it has been since 2008 and the rate at which we are installi...