The UK Government is planning tighter climate laws to deliver net zero carbon emissions – but how? A new report shows how the UK’s unique assets can be used to support this ambition cost-effectively through carbon capture and storage (CCS) but warns that this opportunity must be grasped now, with strategic policy to regain lost momentum.
As MPs and external stakeholders meet today [Wednesday] at Westminster to discuss the potential for industrial CCS in the UK – and in light of the Government’s development of its 2050 industrial decarbonisation roadmaps – the report presents the expertise and opportunities that can create a viable route to a zero carbon economy. These include:
- Retaining skilled jobs and creating new industries at clusters of industrial emitters around the UK coastline, with plans already developed for shared-cost CCS “hubs”
- A globally significant and exceptional North Sea geological asset for CO2 storage
- An oil and gas workforce that routinely delivers high-quality infrastructure and could build a new offshore CCS industry serving the UK and Europe
- An enviable research & development community with its amassed knowledge and strategic international collaborations
- Large-scale CCS projects poised to decarbonise industry and power generation
The report also highlights the potential cost to taxpayers of delaying CCS deployment, the loss of crucial infrastructure through North Sea decommissioning and the risk of a “brain drain” of expertise to countries where CCS is already being delivered.
Download report: http://www.sccs.org.uk/achieving-a-lowcarbon-society