A major component of the UK government’s recently announced 10-point ‘green plan’ to reach net-zero targets by 2050 is its further commitment to supporting carbon capture and storage by investing what will be a total of £1 billion to aid the development of four carbon capture and storage hub and cluster projects across the country by the end of the decade.
The investment – which earmarks an additional £200 million on top of the existing £800 million in government funding announced in its Spring Budget – will help support 50 000 jobs, potentially in areas such as the Humber, Teesside, Merseyside, Grangemouth and Port Talbot.
“The United Kingdom has shown that it’s serious about tackling industrial emissions”, said CEO of the Global CCS Institute, Brad Page. “This latest move to develop CCS hubs and clusters across the UK is a significant step forward in mitigating emissions from the UK’s most energy intensive industrial sectors. Not only will these hubs significantly reduce emissions, it will be done through the shared use of CCS infrastructure and transport, helping to reduce the cost and risk to both industry and government”.