The Carbon Capture and Storage Association (CCSA) and the Scottish Carbon Capture and Storage (SCCS) group have both welcomed the announcement from the Department of Energy and Climate Change of £2.5m funding for the North Sea project.
The cash injection, from the DECC’s Innovation Fund is to support the development of geological stores for the next phase of UK Carbon Capture and Storage (CCS) projects.
Luke Warren, Chief Executive of the CCSA, comments, “We welcome the Government’s continued efforts to advance CCS. The announcement today reinforces the UK’s competitive advantage in CCS by putting the North Sea at the heart of the CCS development programme. The UK is one of the best places in the world to develop CCS. Its unique geology – which could provide over 100 years of storage capacity – is optimally located to be used by the UK’s major CO2 emitters”.
The International Energy Agency has long argued that CCS is the single most important technology available in meeting the challenge of reducing CO2 emissions from power and industrial sources. Last month, the Intergovernmental Panel on Climate Change published its ‘Climate Change 2014: Synthesis Report’ in which CCS was identified as the essential low-carbon technology needed to help cost-effectively reduce global CO2 emissions.
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