2024-07-12 The Road to Net Zero Can Save Government Funds

2024-07-12 The Road to Net Zero Can Save Government Funds
Action                                                                                                                  Government Saving
Remove government funding of Sizewell C, SMR, ANF and FNEF                             £ 1155 million
Remove government funding of nuclear fusion                                               Up to £ 650 million to 2027
Remove tax relief for the oil and gas industry                                Up to £ 5.7 billion/y from 2022 to 2025
Remove government funding of CCS                                                £ 20 billion over 20 years from 2023
Remove government funding of imported biomass for Drax etc                        £ 606.8 million in 2022
Total of above                                                                                              About £ 8.6 billion a year