U.K. Spending 32 Times More On Fossil Fuels Than Renewables: New Report

U.K. Spending 32 Times More On Fossil Fuels Than Renewables: New Report

Smoke and steam bellow from the Ratcliffe-on-Soar coal fired power station in Nottinghamshire, ... [+] England. The plant emits 810 million tonnes of CO2 annually.



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The U.K. government is squandering an opportunity to move towards a zero carbon future by pumping billions of stimulus cash into fossil fuels and all but neglecting renewable energy, according to a major new report released today.

Contrary to Prime Minister Boris Johnson's claim that Britain could become the “Saudi Arabia of wind power,” the report by Finnish power firm Wärtsilä Energy reveals that the U.K. has allocated $5 billion in stimulus commitments to fossil fuels, while clean energy will receive $158 million—just 3% of the injection intended for hydrocarbons.

The disparity indicates that current stimulus