Carbon Capture and Storage: Finance

(asked on 17th May 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what funding the Government has allocated to new carbon capture technologies.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 25th May 2021

Research and innovation into CCUS has been a key priority for the UK. Between 2004-2019 the UK has provided over £295m in public funding for CCUS Research and Innovation. In the BEIS Energy Innovation Programme (2011-2016) more than £41m was provided to CCUS innovation projects. These were funded by the Call for CCUS Innovation, Carbon Capture & Utilisation Demonstration (CCUD) programme and the Energy Entrepreneur Fund (EEF) scheme.

Under the Net Zero Innovation Portfolio (2021-2025), the BEIS CCUS Innovation 2.0 programme is seeking to fund next generation CCUS technology with up to £20m available.

The Carbon Capture and Storage Infrastructure Fund (CIF) which is expected to support Transport & Storage and Industrial Carbon Capture was first announced at the Budget in March 2020, and its allocation of £1bn was confirmed at the Spending Review in November 2020.

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