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Why Tony Blair needs to reset his climate reset

Michael Liebreich · 12 May 2025

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  1. Whatever the solution to climate change is going to be, it is certainly not going to involve anything that costs $1,000 per tonne of carbon removed, or even the $400 to $600 that they promise by 2030.
  2. CCS can never be competitive in the sense of working economically in the absence of a policy framework to price in the cost of carbon, unlike clean electricity.
  3. The inconvenient facts are that SMRs has so far disappointed, and look like being as slow to get through the permitting process as GW-scale reactors, and even more expensive.

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