David Cameron has drastically cut £1bn of funding for the UK’s Carbon Capture and Storage (CCS) Commercialisation competition.
Appearing before the Liaison Committee on 12th January 2016, the Prime Minister confirmed that the amount originally dedicated to CCS in his Conservative Party manifesto, has been dismissed from government budgets.
At the COP21 talks in Paris last November, a legally binding climate deal was reached which commits the UK to help keep global warming to less than 2°C in perpetuity. Therefore, from 2050, every tonne of carbon emitted by the UK economy must be equally matched in tonnes of carbon stored, essentially demanding a necessity for CCS.
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