1 result — Climate Insights Directory

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intitle:: The document title intitle:"climate education"
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insummary:: Summary and key findings insummary:"conflict of interest"
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DateDocumentOrganization and typeRegions

Methodology Estimating subsidies for deploying carbon capture at Drax biomass power station
Ember updates its estimate for the subsidies needed to deploy carbon capture at Drax, increasing the average cost per BECCS unit to £591 million in 2023 prices. The methodology utilizes a dual-Contract for Difference (CfD) model covering both electricity (CfDe) and carbon (CfDc), incorporating UK Government projected wholesale electricity prices and carbon market values. The analysis assumes a phased deployment of four units between 2030 and 2045, noting that costs remain uncertain due to a lack of commercial-scale power-BECCS projects.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Themes: bio-energy with carbon capture and storage carbon capture and storage climate finance subsidy
Ember
Document type: Report
Regions: United Kingdom

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