Earlier this year, Energy Secretary Ed Miliband ended years of silence from the Government as to how they are going to address the issue of climate change, and how they plan to replace Britain's aging power plants, many of which are nearing the end of their lifetime, threatening to plunge the country into darkness due to a lack of electricity. The Government's answer lies in a technology called "Carbon Capture and Storage", or CCS, which they claim will be the silver bullet that simultaneously kills the problems of global warming and national energy supply.
This article raises some concerns about CCS as part of the ongoing discussion inside the Labour movement about socialism and our natural resources.We welcome any comments on this contribution and the issues it raises.
The European Union set up an Emissions Trading Scheme as a market solution to deal with pollution. Pollution is of course, overwhelmingly generated by big business (‘market’) activities. Now the scheme has turned around to bite them.As a result of the crisis, polluting companies have found themselves strapped for cash. So they’ve cashed in their carbon credits for short term readies.