UK green growth ambitions are ‘muted’
The level of UK ambition on low carbon technology is "muted" as other major economies come forward with new subsidy and incentives regimes, Energy UK has warned. A new report points to the UK’s significant strengths as it faces the challenges of decarbonisation, such as world-leading universities and financial services as well as early success in rolling out offshore wind. But even though it has had a "good start" on transitioning to a net zero economy, the UK "risks falling behind other countries in years to come" as they come forward with generous incentives and subsidies, like those available under the US Inflation Reduction Act. .