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UK's 2050 CO2 goal to cost extra 30 billion pounds without CCS: report

2016-07-20 01:12:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Meeting Britain's carbon emissions reduction target for 2050 will cost an additional 30 billion pounds ($40 billion) without large-scale deployment of carbon capture and storage (CCS) technology, a report by the National Audit Office shows. The British government decided to withdraw 1 billion pounds of funding to help commercialize CCS technology in a spending review in November last year. CCS captures carbon dioxide and stores it underground to stop it escaping into the atmosphere. CCS is...

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