Stop subsidising energy companies that burn trees for electricity, climate advisers tell government

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

Bioenergy is classed as renewable, qualifying it for government subsidies. But the Climate Change Committee warned the cash for burning trees no longer delivers value for money. However, it supported plans to add carbon capture and storage to existing biomass plants.

Some scientists back bioenergy as a far cleaner means of power than coal or gas, while many argue it is impossible to guarantee the emissions are reabsorbed, or negate the other pollution.

But it threw its support behind plans to make biomass carbon negative by capturing and burying the emissions under the North Sea in depleted oil or gas fields.BECCS will play an"important role" in meeting climate targets because it can remove CO2 from the atmosphere while also generating electricity, the CCC said.

"These companies should not be using billpayer money to burn wood from other countries' forests," she told Sky News.Will bioenergy with carbon capture work? Its spokesperson said the CCC identifies"the crucial role that carbon removals, and particularly bioenergy with carbon capture and storage , will play in delivering a reliable and resilient decarbonised power system".

A government spokesperson said the UK is"decarbonising faster than any other G7 country, while low-carbon sources like renewables and nuclear provide half of our total UK energy generation".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stop subsidising energy companies with our money while we shiver & they stuff their pockets with record profits every quarter.

Burn coal instead

😑 beggars belief that they get top ups whilst still paying shareholders.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil companies line up for billions of dollars in subsidies under US climate law\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Why don’t you finish the sentence?
Source: ftenergy - 🏆 47. / 63 Read more »