Carbon Capture and Storage

(asked on 14th April 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, with reference to the Written Statement of 30 March 2023, HCWS690 on Powering up Britain, how the carbon capture and storage outlined in that Statement will be funded.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 24th April 2023

The £20bn announced will come from levy and exchequer sources. The Government expects it to encourage billions of pounds of additional private capital as private partners also commit to the programme, creating jobs and bringing investment to the UK's industrial heartlands.

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