The NAO has criticised a lack of evaluation of government approaches to monitoring biomass sustainability. It does not say that these approaches are inappropriate, merely that they cannot be demonstrated to be appropriate. It therefore supports a detailed review of monitoring which we see as consistent with already announced plans. Overall, we do not see anything here as particularly onerous for Drax and see better monitoring as building credibility for the BECCS solution.
24 Jan 2024
Drax Group - NAO Calls For Review Monitoring
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Drax Group - NAO Calls For Review Monitoring
Drax Group plc (DRX:LON) | 881 79.3 1.0% | Mkt Cap: 2,978m
- Published:
24 Jan 2024 -
Author:
Adam Forsyth -
Pages:
6 -
The NAO has criticised a lack of evaluation of government approaches to monitoring biomass sustainability. It does not say that these approaches are inappropriate, merely that they cannot be demonstrated to be appropriate. It therefore supports a detailed review of monitoring which we see as consistent with already announced plans. Overall, we do not see anything here as particularly onerous for Drax and see better monitoring as building credibility for the BECCS solution.