The UK must learn "urgent lessons" to avoid losing the global green race, according to the Institute for Public Policy Research (IPPR). The think tank has noted what it perceives as the government's "unwillingness to invest" in its industrial strategy.
The IPPR has called on the UK to put in place policies similar to those of the US and the EU in order to remain competitive in the renewables industry.
“The UK is in urgent need of renewal," IPPR said. “The country faces a series of challenges from stagnation and inequality, risks to national and energy security, to the climate and nature crises. Together they threaten to undermine the UK’s path to a sustainable economic future.
“While our international competitors are deploying public investment and using industrial strategy to take advantage of the opportunities of the net-zero economy, the UK government appears to have its fingers in its ears.”
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