Britain faces a £50bn bill to develop a diversified low-carbon
electricity sector by 2020, according to a study to be published today,
writes Fiona Harvey. Deloitte, the professional services firm, found
replacing nuclear power stations that come to the end of their life
would cost up to £20.5bn for 10 new plants, while investment in
renewables and carbon abatement technologies, such as power stations
that make use of excess heat from generation, would make up the
remainder. The Deloitte report came as MPs called for urgent government
action to develop technology that would capture and store carbon dioxide
as it was emitted from power stations. The MPs said new fossil fuel
power plants should only receive an operating licence if they
demonstrated they were capable of using carbon capture and storage
techniques.
FT 9th Feb 2006
http://news.ft.com/cms/s/d814e37c-9910-11da-aa99-0000779e2340.html
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