Treasury cut to carbon capture will cost UK £30bn, says watchdog

Government says carbon storage technology not cost-efficient, while critics say U-turn will double cost of tackling climate changeThe government’s cancellation of a pioneering £1bn competition to capture and store carbon emissions may have pushed up the bill for meeting the UK’s climate targets by £30bn, according to a report from the UK’s official spending watchdog.The National Audit Office (NAO) report, published on Wednesday, says the move has delayed by a decade