Citation
(2012), "UK Government launches CCS competition", International Journal of Climate Change Strategies and Management, Vol. 4 No. 3. https://doi.org/10.1108/ijccsm.2012.41404caa.009
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited
UK Government launches CCS competition
Article Type: Feature From: International Journal of Climate Change Strategies and Management, Volume 4, Issue 3
Britain’s Energy and Climate Change Secretary Edward Davey launched a new competition for Carbon Capture and Storage (CCS), a key technology in the government’s drive to ensure our future energy security and reduce emissions.
The Department of Energy and Climate Change also published the first UK CCS roadmap. This sets out the steps that the government is taking to develop a new world-leading CCS industry in the 2020s, including:
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The competition, the “CCS Commercialisation Programme”, to drive down costs by supporting practical experience in the design, construction and operation of commercial scale CCS with £1 billion capital funding, and additional support, subject to affordability, through low carbon contracts for difference.
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£125 million funding for research and development, including a new UK£13 million CCS Research Centre.
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Planned long term Contracts for Difference through Electricity Market Reforms to drive investment in commercial scale CCS in the 2020s and beyond.
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Commitments to working with industry to address other important areas including developing skills and the supply chain, storage and assisting the development of CCS infrastructure.
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A focus on international engagement, in particular on learning from other projects around the world to help accelerate cost reduction in the UK, and sharing the knowledge we have generated through our programme.
This CCS package is a clear illustration of the government’s global interest on CCS and firm commitment to working with industry to enable cost competitive CCS in the 2020s. It also reflects the major long-term opportunity for green jobs and green growth on the journey to a low carbon economy, potentially supporting around 100,000 jobs in the sector by the end of the next decade.