MPs have criticised the Government for ignoring the need to encourage investment in clean energy in its response to a parliamentary report.
Their concerns echo those of the anaerobic digestion (AD) industry, which has said that plans to end the Feed-in Tariff renewable energy subsidy will put at risk 300 AD plants now in the pipeline.
Ministers were responding to the Environmental Audit Committee’s report Green Finance: Mobilising Investment in Clean Energy and Sustainable Development.
Committee chair Mary Creagh said of the ministerial response: “The Government is coasting on climate change. It is currently relying on past successes to scrape by on its carbon budgets and is not even on track to meet them in full.
“We have made progress in clean energy during the past decade, but there has been an alarming collapse in investment in the past year.”
She said global investment in renewable energy fell by 7% in 2017, but by 56% in in the UK as subsidies ended.
Creagh said the response contained no commitment to address “the dramatic collapse in the UK’s clean energy investment since 2016” or to publish a delivery plan to achieve the UK’s fourth and fifth carbon budgets in full.
Renewable Energy Association head of policy James Court said: “The conversation around transitioning to a subsidy-free environment for many renewable technologies was inevitable and shows how far the sector has come.
“But the way it has been handled by the Government has resulted in precipitous changes that have undermined our achievements in solar, onshore wind, renewable fuels and beyond.”