UK prime minister promises $1bn CCS injection
Does electoral pledge indicate that carbon capture and storage (CCS) is finally being taken seriously?
A Conservative government under current UK Prime Minister Boris Johnson will spend an extra £800m ($1bn) on CCS infrastructure, if the party wins a 12 December general election—reflecting a growing appetite to bring the sector into the mainstream of emissions reduction solutions. CCS has long been touted as an essential part of global decarbonisation efforts. The International Energy Agency (IEA) estimates in its latest World Energy Outlook that some 320GW, or 5pc of total installed capacity, of the planet’s coal and gas-fired power stations would require CCS technology by 2040 if the world is to follow a sustainable development path. But the concept has struggled to gain traction compared
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