30 May '13, 3pm

Ernst & Young: Energy Bill slow progress hinders UK's investment potential: The UK is missing out on a unique

At a time when investment in most other European markets is wavering, further delays in delivering a stable framework in the UK are weakening the country’s promising prospects and holding back investment . “We are at a stage where the UK is presented with a unique opportunity to become a safe harbour for renewable energy investment in Europe,” said Ben Warren, Environmental Finance Leader at Ernst & Young . “The foundations are there, reflected by the UK’s consistent performance in our index and its current 5th place ranking, as well as its huge offshore wind potential. “However, competing visions and strategies within the Government about the country’s future energy mix, pose serious questions amongst investors about whether we can compete for capital on a global level,” added Warren. “Although we are starting to see nods towards a more stable investment environment throu...

Full article: http://www.renewableenergyfocus.com/view/32694/ernst-youn...

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