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Market
Which facility will be the UK's largest carbon emitter for the annual report period ending December 31, 2024?
2
Resolution / Starting Odds
Drax biomass plant • 25%
A coal power plant • 25%
An oil power plant • 25%
Other • 25%
Annual environmental reports from the UK government or relevant regulatory bodies
Story
Drax Biomass Plant Emits Four Times More Than Coal Despite £22 Billion Subsidies
Aug 9, 2024, 07:31 AM
A recent report has revealed that a biomass power station in the UK has produced emissions four times greater than those of a coal plant. Despite receiving £22 billion in subsidies, the power station, operated by Drax, has been identified as the UK's largest carbon emitter. The facility burns wood and trees to generate electricity, raising concerns about its environmental impact and the effectiveness of subsidies intended for clean energy. The station has also received £500M in clean-energy subsidies. The high emissions have sparked criticism over the cost and environmental benefits of renewable energy initiatives in the context of the UK's Net Zero goals.
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