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Increase in UK renewable energy investment after decline

The UK has risen to 7th in global ranking for investment in clean energy last year, spending £5.9bn – up from £2.0bn in 2010.

Investment in clean energy in the UK bounced back last year after its 2010 slump, the respected US-based Pew charitable trust said in a comparison of investment across G20 countries.

The UK came seventh in the global ranking for total investment in the Clean Energy Race 2011 report, below the United States, China, Italy and Germany.

In 2010 the UK fell from 3rd to 13th in the world ranking, as investment plummeted from a high of over £6.9bn in 2009.

The reduction was attributed to “uncertainty surrounding the policy perspective of a new government,” according to the 2010 report from Pew.