The UK Government’s £22bn ($27bn) support for major CCUS and blue hydrogen projects will have a “very significant effect” on electricity bills for consumers and industry, the Public Accounts Committee (PAC) has warned.
Last October, the government confirmed funding would be provided over 25 years to boost blue hydrogen and CCUS in Teesside and Merseyside. Prime Minister Keir Starmer said it will “give the industry the certainty it needs.”
Read more:UK commits £22bn to boost blue hydrogen and CCUS in Teesside and Merseyside
However, the PAC’s recent report, published today (February 7), has said the UK Government’s backing of unproven, first-of-a-kind carbon capture technology to reach Net Zero is high risk and more work on the programme’s affordability for taxpayers and consumers is needed.
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