U.K. Climate Adviser Says Low-Carbon Mix Saves $150 Bln
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Britain, under pressure to build new power stations, could save as much as 100 billion pounds ($150 billion) through 2050 by spending on wind, nuclear and carbon capture rather than gas, the government’s climate adviser said.
Investing in low-carbon power is a “low-regrets strategy with potentially significant benefits,” a report from the Committee on Climate Change shows. “This could result in cost savings of 25 billion pounds to 45 billion pounds relative to a focus on investment in gas-fired generation,” or more than double that with higher gas and carbon prices, the group said.