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I mean, it is spending over 25 years so less than £1Bn per year…
That feels like the kind of budget that can do long term testing to see if it’s a viable part of the climate solution.
Soul-
If they were announcing billions of pounds on insulating homes, or increasing battery production, or building EV charging infrastructure across the country, or installing solar panels on every building, or massively ramping up wind production, or any of a hundred other tested, viable schemes, and then announced £22 billion funding for CCS, then fine.
But they haven't. They are leading their green budget proposal with this. Such a massive miss.
Lebowski
With Labour scraping around for every penny, spending £22 billion on an unproven solution, which amounts to handing money to fossil fuel companies so they can continue BAU is so incredibly disappointing.
https://www.theguardian.com/environment/2024/oct/04/labour-to-commit-almost-22bn-to-fund-carbon-capture-and-storage-projects