Environmental Audit Committee: Green finance: mobilising investment in clean energy and sustainable development

The UK has made significant progress in redirecting investment towards cleaner sources of power since the Climate Change Act was passed in 2008. We have switched from coal to gas, offshore wind and solar installations have multiplied and the cost of renewable energy is falling rapidly. The proportion of our electricity generated from low-carbon sources has doubled between 2009 and 2017, to reach a record 50% last year. This has helped to put the UK on track to meet our carbon budgets up to 2022.

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