CCUS deployment requires a complex suite of support policies
UK must provide more clarity on CCUS
Potential projects need more precise information on timing and finance if they are to progress, say MPs and industry experts
The UK government must ensure that CCUS projects not selected for its first round of funding have a clear timeline for development to ensure partner companies do not drop out, according to MPs and industry figures. Last year, the UK selected the Hynet and East Coast clusters for ‘track one’ CCS funding—meaning they will receive support to become operational in the 2025–30 period. The Acorn project in Scotland was selected as a reserve cluster. The UK's ambition is to capture and store 20–30mn t/yr of CO₂ by 2030. The country has £1bn ($1.23bn) of funding to mobilise for CCUS and envisions two further ‘track two’ projects to become operational by 2030—although these have not been selected. Bu
Also in this section
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
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
