Chris Huhne promises fully functioning green investment bank (GIB), £1b for the first CCS demonstration project and revival in onshore wind.
E.ON pulled out of the bidding for the first demo CCS project leaving Scottish Power's Longannet's plant as the sole runner. E.ON pulled out on the grounds that current market conditions were not conducive and that it could not meet the timescales imposed to respond to the competition. National Grid is now proposing to use it's Transmission System (NTS) assets for Carbon Capture and Storage (CCS) in Scotland.
Friends of the Earth suggest that the GIB will need a lot more than £1b to be effective.
BusinessGreen
Guardian
Ofgem
FOE
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