Today, industry experts urged the UK Government to commit to a clear, deliverable and ambitious deployment pathway for CCUS this year, in order to capitalise on the country’s potential to lead the way in delivering this crucial technology at scale.
MPs from the Business Energy and Industrial Strategy (BEIS) Select Committee were told that failure to act now could sacrifice a prime opportunity for the UK economy and would make it near impossible for the country to hit its existing climate targets.
The UK has one third of Europe’s carbon dioxide storage capacity, and as much as the rest of the EU combined – creating a potentially significant market opportunity to ‘sell’ storage space. It also has the considerable assets, infrastructure and skills needed to become Europe’s leader in developing the technology.
Deployment of CCUS would also benefit important regional economies, preserving and creating jobs in our industrial heartlands. Five areas have been identified as being particularly suited to becoming CCUS clusters; Teesside, Yorkshire & the Humber, the North West, Scotland & South Wales.
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