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Reports: Government mulls gas boiler phase out delay amid cost concerns

Business Green

A spokesperson from the Department for Business, Energy and Industrial Strategy (BEIS) was considering BusinessGreen 's request for comment on the reports at the time of going to press. The move was welcomed by BEIS Energy Minister Lord Callanan. investment in low carbon boiler manufacturer Tepeo.

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Liz Truss promises 'spades in the ground' to tackle energy crisis and drive UK growth

Business Green

There are conflicting reports as to the potential price tag attached to such a policy, with various commentators putting the cost at between £90bn and potentially as high as £200bn, depending on various factors such as the on-going price of gas and how long the cap remains in place.

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'A poor use of public funds': Should the government subsidise biomass and carbon capture technology?

Business Green

But Ember has urged the government to think carefully before endorsing Drax's BECCS plans, claiming that the subsidy figures cited in its report are based on figures published last year by the Department for Business, Energy and Industrial Strategy (BEIS) which assume a 25-year liftime for BECCS production.

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How much will net zero cost the UK? The OBR tries answering the trillion-pound question

Business Green

As Tim Lord, former BEIS civil servant and now senior fellow for net zero at the Tony Blair Institute for Global Change, pointed out yesterday, perhaps the biggest uncertainty is how other countries decarbonisation efforts might affect the UK's.

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'This is not a scary transition': Six key takeaways from the CCC's net zero progress report

Business Green

As ever, the CCC's assessment of the potential costs of net zero offers a powerful tonic to the loud minority of political and media commentators who have taken to bemoaning the price tags attached to the projects that can help avoid catastrophic climate impacts.

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Everything you need to know about the UK's landmark Energy White Paper

Business Green

Previous unconfirmed reports have estimated a price tag for the Sizewell project of between £16-20bn. A higher level of interconnector capacity could decrease emissions by as much as 199Mt of carbon dioxide by mid-century, as well as reducing system costs, according to BEIS estimates. Biomass with carbon capture is in the mix.

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'Fifteen years of anaemic growth cannot be repeated': The green economy reacts to the government's Growth Plan

Business Green

Boosting the ECO scheme could well end up being cost neutral on Treasury with insulation cutting gas demand and so the overall price tag of the bailout. This temporarily reduces bills, but does nothing to tackle root of problem BEIS says insulating all homes could cost as little as £35bn.