How CCUS technology will help the UK achieve a net-zero economy

Not all sectors will be able to switch completely to having net zero emissions and will be reliant on carbon capture, usage and storage (CCUS) technology in order to extract greenhouse gas carbon dioxide emissions. This is so it can be used for another purpose or to store it to prevent the gasses from entering earth’s atmosphere. Whilst progress has been made with international projects, the UK has not moved along the same, with the UK Government’s 10-point plan outlining ambitions to capture 10mn tonnes per year by 2030 with a £1bn investment.

This eighth instalment of the 10 Point Pod explores how the UK Government is planning on scaling up CCUS technologies in the next decade. This would demonstrate the country’s commitment to delivering net-zero, play an important part in decarbonising hydrogen production, create new jobs and protect key industries such as steel, iron, cement, chemicals and refining.

This episode highlights:

• How the skillset, capital and know-how exist but now it’s about commercialising the capture and storage of carbon. This will ensure investors come forward and the CCUS technology could grow into its own sustainable industry.
• How the UK Government should play an important part in stimulating the CCUS market, creating the business model and subsidising and paying for the first investment into this new industry.
• How carbon capture and storage will at least be around during the years of the energy transition, particularly due to blue hydrogen being produced. 

Read the transcript

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