Budget 2023 Carbon Capture

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Government says: “The government will also provide up to £20 billion funding for early deployment of Carbon Capture, Usage and Storage (CCUS), to help meet the government’s climate commitments. This unprecedented level of funding for the sector will unlock private investment and job creation across the UK, particularly on the East Coast and in the Northwest of England and North Wales. It will also kick-start the delivery of subsequent phases of this new sustainable industry in the UK, taking advantage of the country’s natural comparative advantage in CCUS….”

We don’t usually repost or comment on Gov. statements that don’t have an action arising from them, however if you would like to know more about some of the issues raised by this, do have a look at https://www.ctrfoundation.com/