Representatives have warned that the government is committed to billions of pounds with “uncomfortable” green technology to reduce the planet’s gases aimed at the planet without considering the influence of consumer bills.
Carbon capture facilities (CCUS) prevent carbon dioxide, which is produced by the industry, which is launched in the air by capturing and storing it underground.
In October, the government pledged about 22 billion pounds for CCUS and three -quarters of consumer bills.
But on Friday, the General Accounts Committee of the House of Commons raised serious concerns that the government did not evaluate the financial impact on families and companies.
Sir Jeffrey Clifton Brown, Chairman of the General Accounts Committee, said: “It is not proven technology, and certainly in this country,” said Sir Jeffrey Clefton Brown, Chairman of the General Accounts Committee.
Speaking to the BBC program today, Friday, Ed Miliband, Minister of Foreign Affairs, admitted that technology was new but said it was vital to address climate change.
He said: “CCS is an innovative technique in terms of its widely using it, but all experts’ advice – the Climate Change Committee in the United Kingdom and others – says whether we do not do that, you will never decrease global emissions.”
He added that he was “100 % committed” to the government’s climatic goals.
The UK has a goal to reach “zero zero” – and this means that it no longer adds to the total amount of greenhouse gases in the atmosphere, by 2050. With the country turning to renewable energy and away from fossil fuels for heating homes and ongoing cars, greenhouse gas emissions such as second Carbon oxide, also known as carbon dioxide, will decrease.
But there is a need to use a small amount of gas to maintain electricity supplies and there are some industries such as cement as there are few green alternatives. Carbon capture can prevent carbon dioxide produced by these operations from entering the air – and the government has mortgaged its climatic goals.
Both the UK Independent Climate Control Authority and the United Nations Climate Science Authority, IPCC, agree that CCUS will be necessary if countries want to reach zero and avoid the worst effects of climate change.
By 2050, the government wants to capture and store carbon to prevent the emission of 50 million tons of carbon dioxide – more than 10 % of what the country is currently exporting – has committed 21.7 billion pounds to achieve this goal.
Finance, Announced in OctoberIt will go towards groups of carbon capture projects in Mersiside and Tyside, which she said will create thousands of jobs and attract private investments.
Dr. Stewart Jenkins, a research fellow at Oxford University, has retracted the evaluation of the Committee for Technology.
“I really don’t like the phrase” not proven “, as it does not represent the state of technology as a geometric problem,” he said.
Although there is no commercial CCUS sites in the United Kingdom, there are 45 commercial facilities that are already working to capture globally about 50 million tons of carbon dioxide, and there are more than 700 proposals or develop them, According to the International Energy Agency.
But Dr. Jenkins agreed with the General Accounts Committee to have questions about whether the current government’s financing model is sustainable.
The committee recommended that the program be evaluated properly on consumers, taking into account cost pressure.
The committee realized the importance of early government support for new technologies such as CCUS to give confidence in this industry.
But she added that she “was surprised” to discover that the government signed two decades with CCUS developers last year and did not guarantee that if the projects succeed in receiving the government – the public – profits or benefits such as low energy bills.
“If you are a capitalist investment in this type of money, which is what tax motivated actually do here, you expect you to have a large share in the stocks in this whole matter.”
His committee recommended changing any future contracts to include profit sharing mechanisms.
The government said it expects the financing of 21.7 billion pounds for CCUS 8 billion pounds in investing the private sector over the next 25 years.
Mert Bot, co-founder of the carbon balance initiative and a co-researcher at Oxford University, said her team’s research indicates that a long-term model of financing can provide a carbon storage authorization-a legal commitment to fossil fuel producers to store a share of the carbon dioxide they produce , Or they face a financial penalty.
“We confirm that carbon storage imposes on fossil fuel producers fair while also provides a kind of investment certainty that companies need,” she said.