How the failure of carbon capture risks causing a net zero nightmare
JULY 24, 2024
By Paul Homewood
Meanwhile Miliband’s plans to rely on carbon capture are in ruins:
Ed Miliband has promised to drastically speed up Britain’s net zero transition but the scale of the task facing the Energy Secretary was laid bare in a damning report from the National Audit Office (NAO), published on Tuesday.
Officials told the Energy Secretary that a staggering £630m of taxpayer cash has been spent on carbon capture technology that is still years from working.
Not only did they point to the amount of investment at risk, but also stressed that the Government’s overarching goal to capture up to 30m tonnes of CO2 by 2030 is way off track.
Driving this underperformance is the fact that four key carbon capture projects are already years behind schedule, the NAO said, which is without recognising the untested technology and uncertain costs.
https://notalotofpeopleknowthat.wordpress.com/2024/07/24/how-the-failure-of-carbon-capture-risks-causing-a-net-zero-nightmare/
