UK must secure billions in investment to meet climate targets, MPs warn

Influential committee says collapse in low-carbon investment is endangering jobs and threatening climate commitments

Investment in the UK’s low-carbon economy has fallen dramatically, endangering jobs and putting in doubt the government’s commitments on climate change, an influential committee of MPs has warned.

Funds going into renewable energy, the mainstay of the low-carbon economy, fell more than 50% in 2017, having dropped by 10% in 2016, bringing annual investment in the sector to its lowest since the financial crisis in 2008.