Carbon Capture and Storage: Finance

(asked on 27th January 2020) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 20 January 2020 to Question 2480, on Carbon Capture and Storage, what criteria her Department plans to use to determine the eligibility of carbon capture, usage and storage clusters to receive preferred funding status.


Answered by
Kwasi Kwarteng Portrait
Kwasi Kwarteng
This question was answered on 4th February 2020

The Government is committed to deploying CCUS in the 2020s. We will provide further details on how CCUS investment, outlined in the Conservative manifesto, will be allocated in due course.

In addition, the Industrial Strategy Challenge Fund (ISCF) will allocate up to £170 million to support the delivery of the Industrial Clusters Mission. As part of the ISCF, bids have been invited from industrial clusters for the development of decarbonisation infrastructure, including Carbon Capture, Usage and Storage infrastructure. These bids will be assessed by UK Research and Innovation, with awards made to projects that will deliver, or support delivery of, significant emissions reductions in a UK industrial cluster by 2030.

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