Oct 14, 2024, 9:54 AM
Oct 14, 2024, 9:54 AM

UK's Exciting New Step Toward Carbon Capture and Storage

Highlights
  • The UK government is focusing on carbon capture and storage as a key strategy for hard-to-decarbonise industries.
  • Energy Minister Sarah Jones highlighted the potential for significant job creation and private sector investment in CCS.
  • Jones expressed optimism about the UK's leadership in carbon management and the importance of a diverse energy strategy.
Story

In the UK, Energy Minister Sarah Jones discussed the government's commitment to carbon capture and storage (CCS) as a crucial strategy for hard-to-decarbonise industries. She highlighted the potential for CCS to provide energy security, especially when renewable sources like solar and wind are insufficient. The UK has an estimated 78 billion tonnes of CO2 storage capacity, and the government anticipates significant private sector investment, amounting to £9 billion initially, which could grow over time. Jones emphasized the importance of a diverse energy strategy, including nuclear power, to meet future energy demands and achieve net-zero targets. Despite challenges, including criticism of CCS as unproven and concerns over investment, Jones expressed optimism about the UK becoming a leader in carbon management and the potential job creation associated with these initiatives.

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