The UK government has pledged to decarbonise the country’s electricity grid by 2035, a target it must hit in order to reach net zero by 2050.
However, according to research by the House of Commons, the UK currently lags behind other nations when it comes to investing in the energy transition.
This suggests policymakers will have to ramp up spending if they want to bring the country up to par with its neighbours over the coming decade. And renewable energy companies could benefit from this spending boom as investment flows into the sector.
