The government should consider restoring the £1-billion budget for its carbon capture and storage competition, the House of Commons Energy and Climate Change Committee has said.
The committee’s chairman Angus MacNeil said that if the UK is to meet carbon targets while pushing ahead with a gas-fired energy strategy, it should rethink its decision to end the competition, which was made public in a regulatory note sent by chancellor George Osborne to the London Stock Exchange on 25 November.
The competition had been intended to boost development of the technology, and winners were to be announced in six months’ time.
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