It is difficult to predict the precise effect that Brexit will have on renewable energy targets in the UK. However, it is possible that leaving the European Union could lead to a reduction in the target for renewable energy as a proportion of the overall energy mix. This is because the UK may no longer be bound by the EU’s targets for renewable energy, and may instead set its own targets which could be less ambitious. Additionally, Brexit could lead to a reduction in investment in renewable energy as a result of uncertainty and reduced access to EU funding.
Other related questions:
Q: How has Brexit affect the energy market?
A: The impact of Brexit on the energy market has been mixed. On the one hand, the UK’s departure from the European Union has created uncertainty in the market and caused prices to fluctuate. On the other hand, Brexit has also created opportunities for the UK to forge new energy deals with other countries outside the EU.
Q: What industries are most affected by Brexit?
A: The most affected industries by Brexit are those that are closely linked to the European Union, such as financial services, manufacturing, and agriculture.
Q: Has UK left EU energy market?
A: As of January 1, 2021, the UK is no longer a member of the EU energy market.
Q: How big is the UK renewable energy market?
A: The renewable energy market in the United Kingdom is growing rapidly. In 2015, renewable energy accounted for around 10% of the UK’s total electricity demand, and this is expected to increase to around 30% by 2030.
Bibliography
- The impact of Brexit on the energy sector | Global law firm
- Impact of Brexit on the energy sector – Norton Rose Fulbright
- How will Brexit impact British renewables?
- Brexit: implications for energy and climate change
- What Brexit Means for UK’s Renewable Energy Development
- How will Brexit impact on the energy industry? – EIC
- The Impact of Brexit on the EU Energy System