Moves to simply apply a blanket carbon tax across the economy are unlikely to unlock the innovations we need to meet our ambitious targets, and risk backfiring if not handled with care.
The Prime Minister’s 10-point package marks the first substantial climate intervention by a PM since the start of the coalition. That matters. It gives a clear signal outside and, just as importantly, inside Government that Net Zero is a priority.
New analysis has found that committing to a further 10GW of new nuclear beyond Hinkley Point C is a low regrets option for the UK as it targets a Net Zero economy, but that costs need to fall significantly if the technology is to fulfil its long-term potential.
The analysis in Nuclear for Net Zero has found there is a credible path available to realise significant nuclear cost reduction delivering potentially lower costs and risks associated with achieving UK Net Zero.
Energy from Waste will almost double capacity in the near future, with carbon emissions already exceeding the cement and chemical industries. But could this boom and a unique set of advantages help it drive the development and deployment of a technology likely to be essential to meeting our climate change targets – Carbon Capture and Storage?
Energy from Waste (EfW) plants are on track to emit around 20 Mte CO2 per year in the near future, with existing, proposed and under-construction facilities. Preliminary analysis on the potential of fitting Carbon Capture, Utilisation and Storage to EfW plants, show the cost of the technology as a means of emissions abatement is competitive with other industrial abatement options.