CGS: Power sector to get carbon price

Carbon capture and storage, nuclear and offshore wind has been championed in the power sector with a future carbon price on the table

Details on targeting carbon prices are due to be announced in Autumn 2017 budget. Photograph: David Neale/geograph.org.ukFunding 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. 

Please sign in or register to continue.

Sign in to continue reading

Having trouble signing in?

Contact Customer Support at
report@ends.co.uk
or call 020 8267 8120

Subscribe for full access

or Register for limited access

Already subscribe but don't have a password?
Activate your web account here