CCS will require further government support
UK CCS projects at risk amid uncertainty over support
Pipeline of projects has potential to exceed government’s 2035 target, but greater clarity on policy needed to unlock investment, says Carbon Capture and Storage Association
The UK’s pipeline of proposed carbon capture and storage (CCS) projects is at risk of falling away unless the government accelerates its rollout of support mechanisms for the sector, the industry’s trade association has warned. Industry body the Carbon Capture and Storage Association (CCSA) has identified a project pipeline capable of storing 70mn t/yr of CO₂, exceeding the UK’s net-zero strategy goal of 50mn t/yr by 2035. However, the majority of this pipeline is dependent on government support. “Although there is a capture project pipeline that can meet the 2035 ambition, there is currently limited visibility on commercial incentives for CCUS in the UK,” the CCSA says in a report, titled
Also in this section
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
