The inquiry examines the Government’s commitment to deploying CCUS technology and whether it has a “Plan B” to meet the UK’s climate change targets should desired cost reductions not materialise.
Carbon capture, usage and storage (CCUS) is a set of technologies which can together capture carbon dioxide from waste gases, and either ‘lock up’ this carbon dioxide in long-term storage or use it in industrial processes.
Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy Committee, said"Carbon capture, usage and storage (CCUS) is expected to play an essential part in meeting the UK’s carbon budgets. Yet the Government’s budget to kick-start CCUS has been cut from £1bn to £100m. In this inquiry, we want to test the Government’s ambitions in this area and to examine what policy levers need to be pulled to make large-scale CCUS a reality in the future. Clearer policy signals are needed if we are to create a market and commercialise this technology into the 2030s. If the Government judge the costs are such that CCUS is not a viable option then they must spell out an alternative if the UK is to meet its carbon emission reduction targets."
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