U.K. Urged to Abolish Renewable Goals, Spend Less to Cut CO2

Britain should abolish its renewable energy targets and focus on less costly ways to cut carbon-dioxide emissions, according to researchers at Policy Exchange.

Britain could save 12.5 billion pounds ($20.6 billion) by scaling back ambitious wind projects around its coastline, the London-based research group said in an e-mailed report today. The U.K. should “renegotiate its commitment” to the European Union renewable target, the report said.