The UK government is investing nearly £22 billion in Carbon Capture, Utilisation and Storage (CCUS) technology aimed at reducing greenhouse gas emissions. However, MPs have raised alarms about the lack of assessment regarding the financial impact on consumers and businesses, suggesting potential increases in electricity bills. Sir Geoffrey Clifton-Brown, chair of the Public Accounts Committee, emphasized the uncertainty surrounding the technology. Despite concerns, the government maintains that CCUS is essential for meeting climate targets and stabilizing the energy system as the UK transitions to renewable energy sources.
"It is an unproven technology, certainly in this country. And we are concerned this policy is going to have a very significant effect on consumers' and industry's electricity bills."
"The government said that it would formally respond to the committee, but that CCUS was a 'necessity not an option' for reaching its climate goals."
Collection
[
|
...
]