[Diggers350] £500m Annual Subsidy For Drax Power Station , Corby, Which Emits 4 Times CO2 Of Equivalent Coal Plant

Sun Aug 25 01:36:24 BST 2024

Private Equity Forest Torcher Drax Power 
Station, Corby, Emitting Four Times CO2 Of Equivalent Coal Plant

<https://tlio.org.uk/drax-private-equity-forest-torcher-power-station-corby-emitting-four-times-co2-of-equivalent-coal-plant/>25 
August 2024 | 
<https://tlio.org.uk/author/tony/>Tony Gosling | 
<https://tlio.org.uk/drax-private-equity-forest-torcher-power-station-corby-emitting-four-times-co2-of-equivalent-coal-plant/#respond>Leave 
a comment

Biomass power station produced four times 
emissions of UK coal plant, says report

Emacs!

Drax received £22bn in government subsidies, 
despite being UKs largest CO2 emitter in 2023. 
Drax Inc., rejects flawed research

<https://www.theguardian.com/environment/article/2024/aug/09/biomass-power-station-produced-four-times-emissions-of-uk-coal-plant-says-report>https://www.theguardian.com/environment/article/2024/aug/09/biomass-power-station-produced-four-times-emissions-of-uk-coal-plant-says-report

<https://www.theguardian.com/environment/article/2024/aug/09/biomass-power-station-produced-four-times-emissions-of-uk-coal-plant-says-report>Jillian 
Ambrose Energy correspondent Fri 9 Aug 2024

<https://www.bbc.co.uk/news/science-environment-63089348>03Oct22: 
Drax: UK power station owner cuts down primary 
forests in Canada | 
<https://www.bbc.co.uk/news/science-environment-68381160>28Feb24: 
Drax: UK power station still burning rare forest 
wood | 
<https://www.thecanary.co/uk/analysis/2024/08/08/drax-reclaim-the-power-police/>08Aug24: 
Drax: cops nick 22 activists BEFORE theyve even done anything

The Drax power station was responsible for four 
times more carbon emissions than the UKs last 
remaining coal-fired plant last year, despite 
taking more than £0.5bn in clean-energy subsidies 
in 2023, according to a report.

The North Yorkshire power plant, which burns wood 
pellets imported from North America to generate 
electricity, was revealed as Britains single 
largest carbon emitter in 2023 by a report from the climate thinktank Ember.

The figures show that Drax, which has received 
billions in subsidies since it began switching 
from coal to biomass in 2012, was responsible for 
11.5m tonnes of CO2 last year, or nearly 3% of the UKs total carbon emissions.

Drax produced four times more carbon dioxide than 
the UKs 
<https://www.theguardian.com/business/2024/apr/21/end-times-for-the-uks-final-coal-fired-power-station>last 
remaining coal-fired power station at 
Ratcliffe-on-Soar in Nottinghamshire, which is 
due to close in September. Drax also produced 
more emissions last year than the next four most 
polluting power plants in the UK combined, according to the report.

Emacs!

Frankie Mayo, an analyst at Ember, said: Burning 
wood pellets can be as bad for the environment as 
coal; supporting biomass with subsidies is a costly mistake.

The company has claimed almost £7bn from British 
energy bills to support its biomass generation 
since 2012, even though burning wood pellets for 
power generation releases more emissions for each 
unit of electricity generated than burning gas or 
coal, according to Ember and many scientists. In 
2023, the period covered by the Ember report, it received £539m.

The government is considering the companys 
request for billpayers to foot the cost of 
supporting its power plant beyond the subsidy 
schemes deadline in 2027 so it can keep burning 
wood for power until the end of the decade.

Drax has won the support of the government thanks 
to claims that its generation is carbon neutral 
because the trees that are felled to produce its 
wood pellets absorb as much carbon dioxide while 
they grow as they emit when they are burned in its power plant.

The company plans to 
<https://www.theguardian.com/business/2024/jan/16/drax-gets-go-ahead-for-carbon-capture-project-at-estimated-40bn-cost-to-bill-payers>fit 
carbon-capture technology at Drax using more 
subsidies, to create a bioenergy with carbon 
capture and storage (BECCS) project and 
<https://www.theguardian.com/business/2019/dec/10/drax-owner-plans-worlds-first-carbon-negative-business>become 
the first carbon-negative power plant in the world by the end of the decade.

A spokesperson for the company dismissed the 
thinktanks findings as flawed and accused its 
authors of ignoring its widely accepted and 
internationally recognised approach to carbon accounting.

The technology that underpins BECCS is proven, 
and it is the only credible large-scale way of 
generating secure renewable power and delivering 
carbon removals, the spokesperson added.

A government spokesperson said the report 
fundamentally misrepresents how biomass emissions are measured.

The Intergovernmental Panel for Climate Change 
is clear that biomass sourced in line with strict 
sustainability criteria can be used as a 
low-carbon source of energy. We will continue to 
monitor biomass electricity generation to ensure 
it meets required standards, the spokesman said.

Climate authorities, including the UNs 
Intergovernmental Panel on Climate Change and the 
UKs Climate Change Committee, which provides 
official advice to ministers, have included BECCS 
in their long-term forecasts for how governments 
can meet their climate targets.

The governments own spending watchdog, the 
National Audit Office, has warned that ministers 
have handed a total of £22bn in billpayer-backed 
subsidies to burn wood for electricity 
<https://www.theguardian.com/business/2024/jan/24/questions-22bn-uk-billpayer-cash-wood-burning-electricity-firms-biomass-subsidy>despite 
being unable to prove the industry meets sustainability standards.

Mayo said: Burning wood for power is an 
expensive risk that limits UK energy independence 
and has no place in the journey to net zero. True 
energy security comes from homegrown wind and 
solar, a healthy grid and robust planning for how 
to make the power system flexible and efficient.

The FTSE 100 owner of the Drax power plant 
(<https://markets.ft.com/data/equities/tearsheet/profile?s=DRX:LSE>itself 
owned by several private equity firms led by 
Invesco, BlackRock and Vanguard) made profits of 
£500m over the first half of this year, helped by 
biomass subsidies of almost £400m over this 
period. 
<https://www.theguardian.com/business/article/2024/jul/26/drax-group-to-give-shareholders-windfall-as-profits-rise>It 
handed its shareholders a windfall of £300m for the first half of the year.

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