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Cut spending on ‘fairytale’ carbon capture plans, campaigners urge chancellor

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Chris Packham says £24bn scheme is ‘national embarrassment’ and joins calls for more funding to help households lower billsCampaigners are calling on the chancellor to cut the government’s £24bn spending plans for “fairytale” carbon capture technologies in favour of funding green schemes that can reliably cut emissions and lower energy bills. Environmentalist Chris Packham is leading an 11th-hour appeal for the Treasury to use this week’s budget to scale back the government’s “exorbitantly...

Chris Packham says £24bn scheme is ‘national embarrassment’ and joins calls for more funding to help households lower bills

Campaigners are calling on the chancellor to cut the government’s £24bn spending plans for “fairytale” carbon capture technologies in favour of funding green schemes that can reliably cut emissions and lower energy bills.

Environmentalist Chris Packham is leading an 11th-hour appeal for the Treasury to use this week’s budget to scale back the government’s “exorbitantly expensive” support for carbon capture, which is now more than the planned spending for the US, the EU, Norway and Japan combined.

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Chris Packham (PERSON) £24bn (ORG) Treasury (ORG) US (LOCATION) EU (ORG) Norway (LOCATION) Japan (LOCATION)
Originally published by The Guardian Business Read original →