From The Guardian, January 18:
Climate groups and MPs criticise proposals for consumers to foot bill to support biomass plant after existing scheme ends in 2027
The government has proposed plans to offer the Drax power plant extra subsidies to burn trees for electricity, provoking a backlash from climate groups and green Tory MPs.
Ministers have begun consulting on plans for bill payers to foot the cost of supporting Drax until the end of the decade once its existing subsidy scheme, which pays on average more than £500m a year, ends in 2027.
The plans were revealed days after the government gave Drax permission to fit carbon capture technology to the North Yorkshire biomass plant, in a project that could cost bill payers more than £40bn.
Drax is expected to receive subsidies for the controversial new project – known as bioenergy with carbon capture, or Beccs – once it begins operations in 2030. However, the company has told ministers it would need a bridging subsidy to support the power plant after its current subsidies run out and before the Beccs project is up and running.....
....MUCH MORE
Previously:
2013: Bonfire of the Subsidies: Europe Returns to Early Stone Age Fuel as Putin Mocks
2022: "World’s largest CO2 removal deal ever depends on tech that isn’t ready yet"
2023: Renewable Fuel: "Wood Pellet Giant Enviva Discloses a Financial Crisis"
2024: Who Is Going To Supply Europe's Wood-Burning Power Plants Now, Putin? (EVA)
