The UK House of Commons Environmental Audit Committee said a potential bubble –caused by overvaluation of fossil fuel-based businesses in an era of decarbonisation– poses a threat to the country’sfinancial stability.

It also warned of a£100bn ($167bn) shortfall in the investments needed by 2020 if the UK is to hit itscarbon reduction goals.

Maria McCaffery, chiefexecutive of RenewableUK said the report underlines the need for the UK tostick to planned escalations of the carbon price floor.

She