CCS could save UK decarbonisation GBP32 billion, says report

An extra GBP32 billion could be added to the cost of the UK’s 2050 decarbonisation target of an 80% reduction in greenhouse gas emissions if carbon capture and storage (CCS) is not utilised, according to a report published on 24 June by the UK Carbon Capture and Storage Association (CCSA). A paper published earlier by the Grantham Research Institute on Climate Change and the Environment, part of the London School of Economics and Political Science, envisaged costs of between €18-35…