Billions for 'unproven' technology will have 'very significant' impact on energy bills, MPs warn The government is spending £22bn on "unproven" technologies which will have a "very significant effect" on energy bills, according to an influential committee of MPs.
But there is no evidence to say the programme will be successful despite the government "gambling" its legally mandated net zero targets on the tech, committee chair Sir Geoffrey added.
Last year the government downgraded the amount of carbon it expects to store each year as the goals were seen as "no longer achievable", but no new targets have been announced, creating a shortfall in the path to net zero.
There has been no assessment of whether the programme to capture and store carbon from the atmosphere is affordable for billpayers, said a report from the Public Accounts Committee (PAC) of MPs.
There are no examples of carbon capture, usage and storage (CCUS) operating at scale in the UK, according to the PAC report.
