CCS Fund Ditched

I suppose it was a good day to bury bad news. Quietly announced in the wake of the Chancellor's Autumn statement was a decision from DECC to withdraw the £1bn fund ring-fenced for commercialising CCS. Now, our team was pretty miffed not to get through to the final two in the early stages of the competition. I bet the Peterhead and White Rose players are spitting blood. While CCS is never going to be cheap it has the advantage of being applicable to fossil fuel combustion on a 24-hour basis, alleviating the problems of intermittency inherent in many renewable technologies. So as part of a decarbonisation package for the nation it should have had a major role to play. Possibly, it still could but this has to be seen as a giant leap backwards for the UK.