Carbon Capture, Usage and Storage: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he has made a recent assessment of the potential merits of increasing funding for (a) carbon capture, usage and storage projects and (b) track two processes.
Answered by Sarah Jones
This Government is committed to the delivery of CCUS, as demonstrated by our record investment of £21.7 billion in October and the signing of contracts to launch the first CCUS projects in the UK in December. CCUS requires significant resources, and it is right that it is considered within the Spending Review. My officials continue to engage with Track-2 clusters, and further decisions for future CCUS deployment will be taken in due course.
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