Climate change: UK government slashes solar subsidies less than a week after Paris agreement

Climate change: UK government slashes solar subsidies less than a week after Paris agreement

Amount homeowners receive for producing solar power will be cut from 12.47p per kilowatt hour to 4.39pGetty Images

The Department for Energy and Climate Change (DECC) today announced that government subsidies for solar panels are to be cut by 65%. The move comes less than a week after the government signed the Paris climate change agreement.

The new measures will cut the amount homeowners receive for producing solar power from 12.47p per kilowatt hour to 4.39p. Ministers had originally said in the summer that they planned to cut the subsidy by 87%.