UK Looking To Renege On Climate Goals Post-Brexit – Reports
The U.K.’s treasury and business department is seeking ways to scrap the country’s binding EU target of sourcing 15% of its energy from renewable sources by 2020, reports Bloomberg.
Citing an anonymous individual with knowledge of the matter, Bloomberg says that officials are hopeful that a post-Brexit Britain can avoid the fines and penalties associated with missing its EU target if they can find ways to abandon the goal – a goal that the country is unlikely to hit either way.
Fines could run into the tens of millions, and officials believe that rather than fall short and face the penalty, the far easier option for Brexit Britain is to take its foot off the clean energy accelerator, rather than press ahead with scaling up investment in wind and solar power.
If the U.K. is successful in wriggling out of its obligations, it would be another tangible sign that the country is increasingly out of step with the majority of mainland Europe.