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 least one CO2 capture equipped gas power plant by 2030 with the help of consumer subsidies

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

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