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a perfect storm of inflation and policy uncertainty risks derailing the UK's main hope for a low-carbon future

  • Written by Phil McNally, Research Fellow in Electricity Markets, UCL
a perfect storm of inflation and policy uncertainty risks derailing the UK's main hope for a low-carbon futurepauljrobinson/Shutterstock

In what many have deemed a disaster, the UK government’s latest auction for renewable power – an annual attempt to incentivise private sector investment in a range of power sources – has failed to bring forward any new offshore wind projects. Consequently, the government’s own target of achieving...

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