Britain invests in green energy, not the grid - Spending on cables is 4 times lower than on energy projects
The UK is lagging behind in the race to reconnect power grids, investing four times more in renewable energy projects than in the cables needed to connect them to the grid and consumers, according to a new report. .
For every pound the UK has spent on renewables, the country has invested just 25p in cables and power lines, claims the Bloomberg NEF report, which placed the UK eighth in an index of the top 10 markets. major energy in the world.
The UK has lagged behind its European neighbors such as Germany, Spain and Italy in building the electricity grids needed for a development project, due to the low ratio of grid investment to clean energy expenditure. It was also behind China, the US, Australia and Brazil in the global table, but was rated ahead of India and Japan.
Adapting the global electricity grid for a net-zero future could require an investment of $21.4 trillion to create 152 million km of new cables, or enough to stretch from Earth to the Sun, according to the report.
The data was released days after it was revealed that the UK had spent around £1 billion so far this year to "turn off" wind turbines, partly because there is not enough grid infrastructure to transport the electricity to high demand areas.
The National Grid may accelerate two cable projects to meet the clean energy target by 2030. In addition to low investment, the report blamed the slow process of connecting wind and solar capacity to the transmission system for the Kingdom's low position. United in the global ranking.
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