UK Government pledges £800M carbon capture and storage fund 


National energy supplies will be manipulated by the government long into the future, under the dubious banner of climate concerns. Providers will have to go along with whatever the latest prescriptive policies are, including forcing up the price of gas. Forget market forces and open competition. What could possibly go wrong?

In his Budget announcement [this week], chancellor Rishi Sunak said the CCS Infrastructure Fund would be worth “at least £800M”, with the first site to be established by the mid-2020s, reports New Civil Engineer.

The initiatives will create up to 6,000 jobs in Teesside, Humberside, Merseyside and St Fergus in Scotland – in a move described by Sunak as “levelling up in action”.

CCS can provide flexible low carbon power and decarbonise many industrial processes. It is important for the UK since other key sources of low carbon electricity – such as offshore and onshore wind and solar – are weather dependent.

Drax Group is currently running a bioenergy with carbon capture and storage (Beccs) pilot at its North Yorkshire power station.

Drax chief executive Will Gardiner said that the Budget funding for the development of the CCS clusters “demonstrates the government’s commitment to communities and businesses in the North”.

He added: “By accelerating the development of vital negative emissions technologies like Beccs, which is being pioneered by Drax, we can permanently remove millions of tonnes of CO2 each year from the atmosphere.”

The chancellor also said he would remove incentives to choose gas over the cleaner option of electricity. From April 2022, it will raise gas prices and freeze electricity charges.

Ramboll UK district energy head of department Paul Steen said this would be “a commercial incentive for businesses to make positive decisions on decarbonisation and move away from natural gas fuels to low carbon sources”.

Meanwhile, an additional £900M investment in high-potential technologies was also announced. This will involve commercialising nuclear fusion technology, offering potentially limitless clean energy, and supporting the government’s National Space Strategy and space innovation fund.

A portion of this funding contributes to a wider investment of up to £1bn to develop UK supply chains for the largescale production of electric vehicles, as announced in September.

Electric vehicle charging infrastructure will ensure that motorists are never more than 50km from a rapid charging station.

According to Steen, this is “positive news for the industry and for the decarbonisation of transport as a whole”.

Continued here.

via Tallbloke’s Talkshop

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March 14, 2020 at 02:03PM

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