Posted on: 17/05/2016
Michael Liebreich, Chairman of analysis firm Bloomberg New Energy Finance (BNEF), has claimed that the European Union (EU) referendum will have less of an impact on low-carbon investment in the UK than has been feared.
In an interview with the Edie.net website, Liebreich said that the UK’s domestic environmental policies would not suffer if Britain left the EU.
Liebreich said that the UK’s slip down the rankings in accountancy firm EY’s Renewable Energy Country Attractiveness Index was not just because of uncertainty caused by the referendum.
His comments came during and after a panel discussion on the implications of the EU referendum.
‘Don’t overplay Brexit’
“It's convenient to say it's Brexit,” he said. “There’s actually a lot of factors at play – there’s a period of recalibrating all of the UK’s renewable energy support mechanisms.
“You can say unattractive because of the uncertainty over Hinkley, fracking or natural gas. Are we going to continue with oil or gas? It would be nice to have the answer to lots of things.
“So, I suspect that, whatever the outcome is on 23 June, we’ll probably see a reduction of uncertainty shortly afterwards… but there are so many other factors that play into this that I wouldn’t overplay the whole Brexit story.”
During the debate, Green MP Caroline Lucas reiterated her view that leaving the EU would be a “frightening” prospect for the UK’s environmental policies.