Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the policy paper entitled The Ten Point Plan for a Green Industrial Revolution, published on 18 November 2020, what recent progress has his Department made on finalising the new carbon capture, usage and storage business models since the publication of the plan.
In January, the Government published updates on the Transport and Storage business model with a further update due by the end of the year.
In April 2022, draft form contracts were published for both power and Industrial Carbon Capture business models. Government is working to develop adaptations to the industrial business model for waste management CCS projects.
The Government expects to publish a response to the Power Bioenergy Carbon Capture and Storage business model consultation in the new year.