Government says carbon storage technology not cost-efficient, while critics say U-turn will double cost of tackling climate change

The government’s cancellation of a pioneering £1bn competition to capture and store carbon emissions may have pushed up the bill for meeting the UK’s climate targets by £30bn, according to a report from the UK’s official spending watchdog.

The National Audit Office (NAO) report, published on Wednesday, says the move has delayed by a decade the deployment of carbon capture and storage (CCS) technology in the UK, which takes emissions from power stations and industry and buries them so they do not contribute to global warming.

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Source: Guardian Environment