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Gas ‘better than wind’ for low carbon, Policy Exchange claims

Policy Exchange claims building gas-fired power plants instead of more offshore wind farms could lead to greater carbon savings at a lower cost. By building cheaper gas generation instead it could save £700-£900m a year in costs that would have been passed onto billpayers. These savings could be redeployed by insulating hundreds of thousands more homes and doubling public funding for research and development in key low-carbon technologies leaving enough money to “buy and retire sufficient carbon permits each year to reduce emissions by six times as much as the 4GW of offshore wind.”
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