CGS: Power sector to get carbon price

Funding for the power sector will be poured into carbon capture, usage and storage (CCUS), nuclear energy and offshore wind, the government has announced.

The government will invest £2.5bn in low carbon innovation over the next eight years as part of its long-awaited Clean Growth Strategy (CGS), published on 12 October, although even with this investment it still predicts a carbon budget shortfall of 9.7% by 2028-2032.