INTIEAUnited Kingdom · UK Budget 2020 - Carbon Capture and Storage SupportPolicyIn force

UK Budget 2020 - Carbon Capture and Storage Support

The United Kingdom’s 2020 budget included support for CO2 capture projects by way of:   1) a new Carbon Capture and Storage Infrastructure Fund, which aims to establish carbon capture support in two sites (one in the 2020’s and another in the 2030’s);   2) support for at…

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Country / jurisdiction: United Kingdom · Year: 2020 · Status: In force · Level: National · Type: Voluntary

The United Kingdom’s 2020 budget included support for CO2 capture projects by way of:

1) a new Carbon Capture and Storage Infrastructure Fund, which aims to establish carbon capture support in two sites (one in the 2020’s and another in the 2030’s);

2) support for at least one CO2 capture equipped gas power plant by 2030 with the help of consumer subsidies

Total announced support for these CCUS initiative is GBP 800 million.

Official source: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/871799/Budget_2020_Web_Accessible_Complete.pdf

Source

https://www.iea.org/policies/11674

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