Carbon Capture and Storage: Capital Investment

(asked on 18th October 2021) - View Source

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

To ask the Business, Energy and Industrial Strategy, what assessment he has made of the potential financial benefits of investing in carbon, capture, utilization and storage technology.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 26th October 2021

As highlighted in the Government’s Net Zero Strategy, investing in carbon, capture, usage and storage will create transformative ‘SuperPlaces’ in areas such as the Humber, North East, North west and southern England, as well as in Scotland and Wales, bringing with it a range of financial benefits.

The deployment of CCUS clusters from the mid-2020s will also be a strong enabler for UK exports globally, building UK CCUS expertise and driving international demand for UK CCUS goods and services.

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