Carbon Capture, Usage and Storage (CCUS) will be a game-changer for the UK’s energy transition.
With capacity to safely store up to 78 billion tonnes of CO₂ under our seabed – one of the largest such capacities in the world
– we plan to develop CCUS into a highly valuable national asset that will help us reach net zero and boost our economy by up to £5 billion per year by 2050.
We have already decarbonised more than any other major economy since 1990, reducing emissions
by nearly half while growing our economy by two thirds. Over the past 13 years, for example, the
amount of electricity coming from renewables has increased fivefold. But CCUS gives us new
options, such as helping heavy industry to be part of our net zero future, and the UK offering CO₂
storage services to other countries. We have the unique geology, infrastructure and know-how to
lead the world in capturing and permanently storing carbon. On top of the environmental benefits, we
will capitalise on the economic opportunities of carbon capture and storage.
