Commenting on the Spending Review, Ben Warren, EY Global Power & Utilities Corporate Finance Leader, said:
“For the first time, energy policy is being more closely linked to industrial opportunity. It’s great to see the Spending Review looking to seize on the emerging hydrogen industry’s potential, as well as confirming continued long-term support for the UK’s leading offshore wind sector.
“The low carbon sector is not optional for any advanced economy. It presents the UK with one of its best economic opportunities and will have a profound impact on the country’s long-term competitiveness, its ability to attract talent and innovate, and its leading position as a global financial centre. The Spending Review is a good start, but we need to see the low carbon agenda take centre stage.”