Low-carbon innovation will save billions
Investing in developing carbon capture and storage (CCS), marine renewables and electricity storage over the next decade could be worth an additional £126 billion to the UK economy by 2050, according to new research backed by DECC and the business department (BIS)Assessments by the Low Carbon Innovation Coordination Group – an alliance of government departments and bodies including the Carbon Trust, Energy Technologies Institute and the Technology Strategy Boa
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The UK government has earmarked £5.5bn for a new Energy Bills Discount Scheme over one year, which is far less than the £18bn in support given for six months under the previous scheme.
One of the world’s leading climate physicists has again called for new regulation forcing the fossil fuel industry to carry out large-scale carbon capture and storage (CCS).