CCUS Delivery Plan Update – 2023
Accelerating deployment of carbon capture and storage in the UK could secure around £40 billion of inward investment by 2030, a new study of the technology’s potential reveals today.
The Carbon Capture and Storage Association’s (CCSA) new Delivery Plan has examined the pipeline of potential projects across the United Kingdom to identify the economic opportunities available and threats to successful deployment.
Since the plan was last updated in March 2022, the number of carbon capture and storage (CCS) projects planned for the UK has grown from 55 projects to over 90 – with enough schemes now in the pipeline to capture around 94 million tonnes of CO2 per year – up 29% from 73 million tonnes last year. To put that in context, that’s equivalent to more than a quarter of total UK emissions. The projects would protect thousands of jobs in existing industries which currently emit lots of CO2, such as cement and steel and other manufacturing, and create many more in new green economy sectors, whilst making a huge contribution to meeting the UK’s 2050 net zero target.
