North Yorkshire power plant’s carbon-reduction plan could cost £31.7bn over 25 years, claims climate thinktank
The plan put forward by Drax to fit its wood-burning power plant with carbon-capture technology could cost British energy bill payers £31.7bn over 25 years, or £500 a household, according to research.
The climate thinktank Ember said that Drax was already on track to earn £10bn in subsidies through energy bills by burning wood chips, and warned that the cost of supporting its future bioenergy plans could climb to more than the cost of subsidising Hinkley Point C nuclear power plant.
Continue reading...from The Guardian https://ift.tt/3vnVxuw
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