Carbon Capture and Storage
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to future-proof the carbon capture and storage industry.
Answered by Sarah Jones
The Government is working to create a CCUS industry and has provided increased support to UK CCUS by allocating £9.4 billion in capital budgets over the Spending Review period.
The Government has announced its support for the Acorn (Scotland) and Viking (Humber) clusters and is providing the development funding to advance their delivery. A final investment decision (FID) will be taken later this Parliament, subject to project readiness and affordability.
The Government is actively engaging industry on key enabling CCUS policies to ensure we can build the longer-term pipeline of projects that in turn will grow the economy, contribute to the Clean Power Mission and is done at lowest cost to reach Net Zero.
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