The government’s cancellation of a pioneering £1bn competition to capture and store carbon emissions may have pushed up the bill for meeting the UK’s climate targets by £30bn, according to a report from the UK’s official spending watchdog. The National Audit Office (NAO) report, published on Wednesday, says the move has delayed by a decade the deployment of carbon capture and storage (CCS) technology in the UK, which takes emissions from power stations and industry and buries them so they do not contribute to global warming.
Guardian 20th July 2016 read more »
The decision of the then Chancellor George Osborne to cancel the Peterhead carbon-capture competition last year will impose a 15-year time lag on the industry in the UK and may also increase the costs of meeting CO2-reduction targets. A report by the National Audit Office published today also reveals that the now-abolished Dept for Energy (DECC) told the UK chancellor this during last year’s spending review – ie before Osborne made his announcement – ie that without large scale deployment of carbon-capture infrastructure, it could cost the UK an additional £30 billion to meet the UK’s 2050 carbon targets.
Scottish Energy News 20th July 2016 read more »