When it comes to a young market, small decisions can have unpredictable consequences. The Government believed that developers no longer needed financial incentives to invest in clean energy; that generous subsidies had allowed the industry to inflate faster than ministers anticipated. This reappraisal lead to a dramatic loss of confidence in Britain’s green power projects. Planning applications for onshore wind developments plummeted by 94 per cent, and as many as 12,500 jobs have been lost since the government eclipsed solar power subsidies. We’re drawing closer to a new-found economic freedom – an opportunity to re-launch Britain’s green industry on a global platform. Germany has dominated renewable energy in Europe, but after Brexit, Britain could be looking to green power giants such as China and Japan to diversify our renewable energy market. Forty-three per cent of global renewable jobs are found in China, while the solar industry accounts for 3.4 million jobs worldwide. For policymakers who are interested in job creation, investing in renewable energy is considerably more effective than investing in fossil fuels. In the United States one in 50 new jobs created in 2016 was in solar.
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