The Carbon Capture and Storage Association (CCSA) has welcomed the announcement in the Budget to commit £800m to fund CCS infrastructure.
The Government first set out their intention to commit to this funding in last year’s Conservative Manifesto and today’s announcement represents the first major funding commitment specifically for commercial-scale deployment of CCS in recent years.
“The announcement of at least £800m to support the development of two or more CCS clusters in the 2020s is a really welcome and a very significant step forward," said Luke Warren, Chief Executive of the CCSA. "The UK Government has clearly recognised that CCS is an essential tool if we are to achieve the net zero target and they have now taken action to make CCS a reality."
"We look forward to working with the Government in the run up to the Spending Review on the detail of how these funds can be used to ensure that CCS is deployed in multiple industrial regions in the 2020s, helping to support their transition to a net zero economy and creating the low carbon sectors of the future."
"With the UK hosting COP26 this year, we have today sent a strong signal to industry and the world, that the UK is committed to achieving its net zero target and aspires to become a global leader in the development of CCS as part of the global response to climate change."