Renewable Subsidy Junkies Dead in Five Years

Renewables

The Indy have published some analysis on the fate of the UK’s renewable energy industry following the announcement of cuts to subsidy junkies. The research predicts that despite 2015 being a record year for renewable energy production, the industry is set to “fall off a cliff” as a result of withdrawn subsidies. This trend will continue until after 2020, when “the new renewables infrastructure will collapse to almost nothing because of a lack of investment”.

irena

So it’s not the best time for the International Renewable Energy Agency to publish a report boasting that a global 36% renewable energy share is in reach, and will provide half the reduction in emissions required to hit the Paris summit targets. This is the renewable industry’s problem summed up. It needs shed-loads of taxpayer cash to survive, and when the subsidies are taken away it goes to the wall…


Green News