UK loses top 10 spot in global energy ranking for the first time.
Featured in The Guardian: The UK has fallen out of the top 10 of a respected international league table of countries’ energy sectors. It loses top 10 spot in global energy ranking for the first time.
The World Energy Council blamed the government’s lack of clarity and myriad changes which it said have left the country facing a potential gap in energy supply.
The UK has previously been one of the top performers in the council’s “Trillema Index”, which has ranked countries on energy security, costs and decarbonisation efforts for the last six years.
But the Brexit vote, cuts to renewable energy subsidies and planned changes on foreign ownership have created investment uncertainty and significant challenges for the UK, according to the latest edition of the index for the London-headquartered agency, whose members include energy companies across the world.
The UK was also added to a watchlist of countries where negative changes are expected imminently, alongside the US, Germany and Japan. Denmark, Sweden and Switzerland took the top three positive slots in the ranking, with the UK now 11th. UK loses top 10 spot in global energy ranking for the first time
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