Renewables/Energy Transition

UK Government’s renewable energy policies to hit investment

The decision to remove renewable energy sources from the Climate Change Levy (CCL) exemption will have a negative impact on the country’s renewable sector, according to a research and consulting firm. GlobalData said that while the move is expected to generate around £490million by 2016 and up to £1billion per year by 2020, the energy sector will suffer as a result in the short term. However this negative affect is likely to help growth in the long term – but areas such as the UK’s wind sector the hardest in the immediate aftermath of the decision.