EMEA > BRIEFING: UK hikes funding for clean power, and taxes for oil and gas output

BRIEFING: UK hikes funding for clean power, and taxes for oil and gas output

Published 13:47 on July 31, 2024  /  Last updated at 13:47 on July 31, 2024  / Sara Stefanini /  EMEA

The UK's clean energy industry received a strong boost on Wednesday, when the government announced it would offer a record £1.5 billion in the next renewables auction – just days after it confirmed it would hike a windfall tax on the country's offshore oil and gas sector.
The UK's clean energy industry received a strong boost on Wednesday, when the government announced it would offer a record £1.5 billion in the next renewables auction – just days after it confirmed it would hike a windfall tax on the country's offshore oil and gas sector.


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