UK Prime Minister Boris Johnson yesterday unveiled his £12bn 10-point plan, highlighting the significant role that carbon capture and storage (CCS) and hydrogen will play in a green industrial revolution.
To help place the UK at the global forefront of carbon capture, usage and storage (CCUS), the plan proposes an extra £200m of new funding to create two carbon capture clusters by the mid-2020s, with another two set to be created by 2030.
The new capital dedicated to CCUS increases the total invested to £1bn, benefiting regions with industries that are particularly difficult to decarbonise and supporting up to 50,000 jobs.
If successful, the PM’s CCUS efforts will remove 10-megatonnes of CO2 by 2030, equivalent to taking four million cars off the road. In order to achieve such ambitions, the Government has laid out target milestones which are to be completed in the following years:
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