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The UK needs to do more if it wants to live up to its claim of being an ideal location for investment in renewables, a new study from Ernst & Young shows.
Delays in the Energy Bill are among the reasons that the UK has slipped out of the top five most attractive renewable energy investment locations according to the firm's Renewable Energy Attractiveness Indices.
Despite Gordon Brown's claim at the launch of the new renewable energy strategy that it would launch a "green revolution", China overtook the UK in the rankings.
The US topped the list, followed by Germany, India, China and Spain, while the UK slipped to sixth place.
"To make the UK a world leader in attracting investment in this sector, and to avoid it slipping further down the index, the government needs to consider creating tangible incentives for investors, following the lead of Germany and the ambition of China," said Jonathan Johns, head of renewable energy at Ernst & Young.
The report also pointed out the UK had no clear legislative driver for renewable heating.
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