Carbon Capture and Storage: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 10th September 2021.

Alert me about debates like this

Photo of Alan Brown Alan Brown Shadow SNP Spokesperson (Energy and Climate Change)

To ask the Secretary of State for Business, Energy and Industrial Strategy, when he plans to announce a payment mechanism for the storage of carbon dioxide relative to carbon capture and storage.

Photo of Anne-Marie Trevelyan Anne-Marie Trevelyan Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth)

The Government’s Ten Point Plan for a Green Industrial Revolution sets out our aim to establish CCUS in at least two industrial sites by the mid-2020s and a further two by 2030 at the latest.

In December 2020 and May 2021, we published details on a Transport and Storage business model and we will publish a further update in Q4 2021. Our aim is to finalise all CCUS business models in 2022.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.