Carbon capture and storage

Plan to extend Drax biomass subsidy sparks backlash

Drax gets planning go ahead for £2bn BECCS project

Government sets out vision for ‘self-sustaining’ CCUS market

Short-term support for green innovations puts net zero target at risk

Government urged to fast track ETS linkup with EU

Energy UK has called on the government to “press ahead” with linking the UK Emissions Trading Scheme (ETS) to its European Counterpart to drive up the carbon price, increasing revenues and avoiding huge export taxes for UK businesses. It comes as analysis by the trade association has revealed that between April and the beginning of October this year, the UK ETS raised over £1bn less for the Treasury than if prices had remained at 2022/23 levels.

CCC: Net zero row back ‘likely to increase bills’

Crown Estate awards ‘landmark’ lease agreement for CCS project

Net zero tsar claims Sunak’s speech ‘changes nothing’

Government refuses to raise carbon capture power targets

The government has resisted pressure to step up the pace of targets for rolling out carbon capture power plants. The UK has already set a target that as much as 10GW of power plants fitted with CCUS (carbon capture, use and storage) technology could be required by 2035 in order to meet emissions target reductions for the sixth carbon budget, which covers 2033 to 2037. A response to a consultation on a proposed future policy framework for delivering power CCUS, which concluded in October last year, says a number of respondents suggested this level would be the minimum needed.

Net zero tsar says Sunak on ‘wrong side of history’

Weekend press round-up: Decision to drop social energy tariff ‘betrays most vulnerable’

‘Not a single person in supply chain’ thinks UK will hit net zero targets

Not a single person in the supply chain believes UK net zero targets will be achieved. That is the damning conclusion of the Energy Industries Council’s (EIC) annual Survive & Thrive report into global energy supply chains. Based on the views of 96 supply chain bosses, the EIC report concludes that “widespread delays in project funding strongly signposts that the UK is not going to meet its legally binding 2050 net zero target, and neither will Scotland meet its 2045 target”.

Electricity distribution earnings push National Grid profits to £4.6bn

Scale of energy pledges raises workload concerns

Concerns have been raised about the amount of work that the government has pledged to do in relation to energy security and net zero. Following last week’s splurge of ‘Green Day’ announcements, industry figures have told Utility Week that they are sceptical that all the work promised will be carried out on time.

Carbon capture and hydrogen projects selected for funding