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Carbon Capture and Storage

Asked by Abtisam MohamedLabourDepartment for Energy Security and Net ZeroTabled Answered 3 December 2024UIN 16250

The question

To ask the Secretary of State for Energy Security and Net Zero, what estimate his Department has made of the potential cost to the public purse of carbon capture technologies in each of the next three years.

Answered by Sarah Jones

The Autumn Budget settlement provides £3.9bn in 2025-26 for the first carbon capture and storage clusters in the UK. The breakdown of costs by financial year is commercially sensitive whilst negotiations progress. The cost of carbon capture after 2025-26 will be disclosed following the conclusion of the second phase of the Spending Review.

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