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Lib Dems targeting £100 billion private investment in renewable energy

The Liberal Democrats are aiming to stimulate at least £100 billion of private investment in the UK’s renewable energy infrastructure and want a third of the UK’s energy demand to be met from renewable sources by 2020. The party has set the targets in its 2015 election manifesto, launched today by leader Nick Clegg at an event in south London. The document outlines the party’s five “green laws” focused on improving the UK’s commitment to the environment with energy policy playing a central theme. Clegg stated that his party had been instrumental in the trebling of renewable energy generation recorded since the current coalition assumed power in 2010 and outlined a number of ambitious targets for the adoption of and investment in renewable technologies. Also included in the manifesto is an expression of support for energy storage and various other energy efficiency technologies, and an abolishment of unabated coal energy plants by 2025.

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