UK Government announce new vision to create competitive carbon capture market follows unprecedented £20 billion investment

Green boost for the UK economy as Energy Secretary sets out plan to make the UK a global market for Carbon Capture, Usage and Storage. The plan – named the CCUS Vision – sets out how the UK will transition from early projects backed by government support to becoming a competitive market in this area by 2035, meaning UK companies will compete to build carbon capture facilities and sell their services to the world. This is expected to boost the economy by £5 billion a year by 2050 – making…

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New vision to create competitive carbon capture market follows unprecedented £20 billion investment

Green boost for the UK economy as Energy Secretary sets out plan to make the UK a global market for Carbon Capture, Usage and Storage. The plan – named the CCUS Vision – sets out how the UK will transition from early projects backed by government support to becoming a competitive market in this area by 2035, meaning UK companies will compete to build carbon capture facilities and sell their services to the world. This is expected to boost the economy by £5 billion a year by 2050 – making…

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