UK Commits £22bn to Carbon Capture and Storage (CCS) and Hydrogen Projects
Key Ideas
- UK Prime Minister commits £22bn over 25 years to support CCS and hydrogen projects.
- The funding will benefit CCS clusters at Teesside and Merseyside.
- The investment aims to advance carbon capture technology and support the hydrogen sector.
- The commitment is part of the UK's strategy to reduce carbon emissions and transition to cleaner energy sources.
UK Prime Minister Sir Keir Starmer announced a commitment of £22 billion over the next 25 years to support carbon capture and storage (CCS) and related hydrogen projects. This significant funding will bolster CCS clusters at Teesside and Merseyside in the UK. The investment is intended to drive innovation in carbon capture technology and accelerate the growth of the hydrogen sector. The commitment aligns with the UK's goals to reduce carbon emissions and shift towards cleaner energy sources. This move underscores the government's dedication to promoting sustainability and combating climate change. The funding will play a crucial role in developing infrastructure and technology essential for a greener future, emphasizing the importance of CCS and hydrogen in achieving environmental objectives.