UK investment in clean energy transition falls 10%, bucking global trend

Research shows Britain lagging behind at crucial time as US and EU pursue green growth hastened by Ukraine invasion

Investment in clean energy and the low-carbon economy fell sharply in the UK last year, even as rival nations were increasing their firepower in the global green race, data shows.

The UK’s investment in the energy transition fell by 10%, from $31bn to $28bn, from 2021 to 2022, while similar investment in the US rose by about 24% to $141bn, and in Germany by 17% to $55bn.

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