UK splits £171mn across nine CCS and hydrogen projects
UKRI competition is latest stage of mission to create first net-zero industrial cluster by 2040
The UK has awarded £171mn ($238mn) of public funding across nine significant decarbonisation projects. The capital is the second phase of the Department for Business, Energy and Industrial Strategy’s (BEIS’) “industrial clusters mission” to significantly reduce the emissions of at least one industrial cluster by 2030 on the road to it achieving net-zero status by 2040. While the announcement has, of course, been universally welcomed by the recipient projects it does little to narrow the field for which cluster—or clusters—will ultimately receive sufficient support to achieve the BEIS target. While the phase two funding pot was larger than that for phase one, it represents enough capital only
Also in this section
8 May 2024
Allowance prices rise 34% since start of year as regulator imposes tighter limits and considers reduction of free allocations
7 May 2024
Policymakers should consider backing enhanced weathering as a CDR technique with benefits to the agricultural sector
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach