Carbon Capture and Storage: Finance
(asked on 22nd July 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, when he plans to announce a payment mechanism for the storage of carbon dioxide relative to carbon capture and storage.
This question was answered on 10th September 2021
The Government’s Ten Point Plan for a Green Industrial Revolution sets out our aim to establish CCUS in at least two industrial sites by the mid-2020s and a further two by 2030 at the latest.
In December 2020 and May 2021, we published details on a Transport and Storage business model and we will publish a further update in Q4 2021. Our aim is to finalise all CCUS business models in 2022.