What is being said about UK’s £20 bln funding for carbon capture and storage projects?

March 16, 2023 Mariel Alumit Offshore

Photo: Illustration; Source: Offshore Energies UK (OEUK)


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Home Fossil Energy What is being said about UK’s £20 bln funding for carbon capture and storage projects?

PremiumIllustration; Source: Offshore Energies UK (OEUK)

March 16, 2023,
by

Melisa Cavcic

As part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables.

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