Drax is moving forward with its carbon capture and storage strategy after receiving tacit approval. The project aims to reduce emissions from its power generation facilities to align with net zero targets. This development highlights the ongoing effort to integrate large scale carbon capture into existing energy infrastructure. The move is a key part of the broader strategy to decarbonize the UK power grid.
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Drax getting a green light for carbon capture again. It will be interesting to see the actual capture rates versus the projections this time.
Tacit approval is a vague term. I want to see the interconnection timeline and who is paying for the transport and storage infrastructure. Without a firm pipeline, the capture plant is just a fancy ornament.
The real question is the subsidy structure. If this relies on government contracts for difference, the taxpayers are essentially underwriting the risk of an aging plant.
Exactly. We need to know if the carbon credits generated here actually represent permanent removal or just a way to keep biomass burning.
