CCS could save £5bn per year curbing 40% of UK emissions by 2050
Carbon capture storage (CCS) technology could save the UK up to £5bn by 2050, as well as reduce the country’s emissions by 40% while creating thousands of new jobs. With previous plans to develop CCS in the UK having been abandoned due to excessive costs, governmental advisors have noted that with new plans the technology may be deployed at £85 per megawatt hour over 15 years: significantly below costs for nuclear and other renewable energy options.
Oxburgh plan: immediate action needed on UK CCS to save billions

The UK Parliamentary Advisory Group on Carbon Capture and Storage says urgent Government action could save £5 billion annually.