KPMG survey criticises government energy policies

A recent survey by KPMG of renewable energy investments has concluded that government policies have held back development of major green energy projectsl in the UK.

The Yorkshire Post today reported that the UK was missing a tremendous opportunity to capitalise on its position as leader in offshore wind and carbon caputre storage [CCS] technology. Click here to read more.

The report concluded that 75% of those who responded would have invested more in renewable green industry over the past three years if goverment regulation and legislation been clearer and more consistent.

Although a number of major projects are planned, including the wind farm at Dogger Bank and the clean coal project at Hatfield, commentators believe that tens of thousands of new jobs could have been created in Yorkshire, given our natural resources, technology and strong financial services sector.

Phil Abrahm, head of energy and natural resources at KPMG Leeds said, Just a third of deal makers we spoke to intended to invest in the UK this year, yet this country should be one of the world’s leading renewable markets’.

This criticism follows the diffiulties at the CCS project at Hatfield, Doncaster where the project was placed into administration following the failure to find sufficient investment. 

Originally posted 2011-08-20 00:00:00.