CCS: George Monbiot is (broadly) right, for once
Well, right in the essentials (here) if not on some details, and of course his overall red-green framing.
Our George is a funny fellow, often the butt of humour even on his ‘own side’. Never met the bloke but I take him to be an honest person; thinking, writing & acting in good faith by his own lights. Open to changing his mind in the face of such facts as come to his notice (notwithstanding some major blindspots). Not to be sneezed at in a world full of grifters, charlatans and idle bastards.
The CCS thing is pretty remarkable – the sheer scale of government commitment. As he points out, the £22bn is just Treasury cash for ‘investment’: there’ll be more costs on top. He highlights the extra for anything related specifically to hydrogen: I’d add the costly CfDs related to ongoing ‘commercial’ CCS ops as currently structured, that will find their way onto our electricity bills – all of this is additional.
We’ve yet to see the full horror of the hydrogen plans and the budget & bills for that; and of course there is a big decision pending on Drax. All in all, worst case is a 4Q 2024 which marks the transition from the (relatively) Low-Hanging Fruit[1] phase of ‘decarbonisation / NZ’, to the Seriously Expensive phase. Starting to make the Hinkley Point C nuke look almost moderate by contrast. Green opposition to this heavily ‘industrialist’ policy will be growing and growing. Subsidy-farming industrialists love it to the same extent.[2]
I hope HMG is leaving itself several off-ramps in all this scheming. Wishful thinking, I know: teams of expensive lawyers on the industry side will be making sure they can’t wriggle off any of the contractual hooks that’ll be involved.
ND
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[1] I seem to recall a bloke at university called Low-hanging Fruit. I won’t explain
[2] I’ve always worked in honest-to-God make-your-own-way non-subsidised companies: had no idea about subsidy-farming etc. Then I had some business with the revered ICI, doyen of blue-chip British industry, whose attitude was “why do an honest day’s work, when you can lobby government instead?“. Made me feel ill
Source: http://www.cityunslicker.co.uk/2024/10/ccs-george-monbiot-is-broadly-right-for.html
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