Department for Business, Energy and Industrial Strategy written question – answered at on 31 March 2022.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessments his Department has made of the effectiveness of the (a) Industrial Decarbonisation and Hydrogen Revenue Support Scheme, (b) Carbon Capture and Storage Infrastructure Fund and (c) Net Zero Hydrogen Fund.
The Government is committed to supporting Carbon Capture Usage and Storage (CCUS) and low carbon hydrogen production, both vital for meeting net zero by 2050, whilst maximising economic benefits and supporting jobs and skills.
The CCUS Infrastructure Fund (CIF) and Net Zero Hydrogen Fund (NZHF) will provide £1bn and £240m respectively to support the capital costs for CCUS and low carbon hydrogen production, alongside the revenue support provided by the Industrial Decarbonisation and Hydrogen Revenue Support Scheme (IDHRS). The government will be delivering coordinated and effective support packages through the ongoing CCUS Cluster Sequencing process and the forthcoming electrolytic hydrogen allocation rounds. Integrated monitoring and evaluation plans are being developed across all three funds to ensure that their impact and effectiveness is assessed.
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