Carbon Capture and Storage Support in the 2020 UK budget

Last updated: 1 July 2020

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.

Want to know more about this policy ? Learn moreLearn more