CCS funding removal lacked evidence
The unexpected government decision to scrap funding for carbon capture and storage (CCS) technology has damaged industry and investor confidence, a group of MPs said today.
A funding pot to support the commercialisation of the technology was cancelled on the day of the autumn statement, and came just weeks before industry was due to submit final bids for the money and after repeated statements in support of CCS by the government.
The cross-party energy and climate change select committee has scrutinised the decision and today published a report on its findings.
The committee specifically requested clarification from the energy and climate department (Decc) on the evidence behind the decision, particularly because CCS was not specifically mentioned in the autumn statement or in chancellor George Osborne’s speech.
However, Decc did not provide a specific ...