Britain’s decision to leave the European Union frees up the nation to set environmental rules independent of the other 27-nations in the bloc, raising the risk for renewable energy developers that restrictions will be loosened on coal power. Only one of the five candidates vying to replace Prime Minister David Cameron in September has a defined energy policy, according to Michael Jacobs, a former government climate adviser now at the Institute for Public Policy Research. Bloomberg New Energy Finance wrote in a research note that a new Tory leader may opt to ditch a commitment to phase out coal by 2025. “Anything that changes policy at this point is a huge problem,” Jacobs said, “The coal phase-out should create some space for gas and renewables, which is good for investment and jobs.”
Bloomberg 5th July 2016 read more »