Billions Pouring into UK Renewables

The U.S. has become recognised for rolling out the most far-reaching climate policy of any major world power to date. The Biden administration’s 2022 Inflation Reduction Act (IRA) introduced a wide range of financial incentives to support a green transition, which has helped attract billions in private investment in renewable energy and clean technologies. The EU and the U.K., which were expected to lead the green transition, have lagged behind the U.S. on climate policy over the last two years. However, the U.K.’s new Labour government…