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
Also in this section
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
23 October 2024
Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
10 October 2024
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability