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
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
