Policy Exchange

"The renewable energy target damages the prospects for achieving decarbonisation objectives in 2050 by allocating resources inefficiently, by failing to maximize innovation in low-carbon generation, and by setting an example of expensive decarbonisation other countries will find far from compelling," researchers Simon Moore and Simon Less wrote in a report.

"The huge cost of the renewable energy is its biggest problem. It costs far too much to achieve far too little decarbonisation, diverting resources which could be better used elsewhere," the report added."

See the full article on Platts's website