Campaigners urge the Government to go further, as they announce £22bn pledge for carbon capture and storage technology in net zero drive.
In a press conference this morning, the Government announced new plans to fund projects that capture greenhouse gases from polluting plants and store them underground in order to reach climate targets, while driving private investment and creating jobs.
Best for is campaigning for the full alignment of the UK’s Carbon Border Adjustment Mechanism with the EU’s in terms of design, implementation and pricing, as part of a number of recommendations to fix the problems Britain faces after Brexit, and bring the UK and EU closer together.
Tom Brufatto, Director of Policy and Research at Best for Britain said,
“This ambition gives Britain the opportunity to move towards a net-zero future while providing economic growth and 4,000 jobs in a rapidly expanding global industry.
“It is essential that the Government’s next step is aligning how we tax carbon emissions from trade with our largest market which will cut red tape and costs, increase foreign investment and further grow the economy.”