The UK could become an early mover in the global carbon capture utilisation and storage (CCUS) market and create up to 50,000 jobs if new enabling policies are introduced.
More than 50,000 jobs in carbon-intensive industries would also be safeguarded.
The Carbon Capture and Storage Association (CCSA) published a report on the scaling up of CCUS technologies in the UK over the next decade. With support from engineering consultancy Afry and Cambridge Econometrics, the report explores CCUS opportunities based on the Government’s Ten Point Plan and the Climate Change Committee’s (CCC) Sixth Carbon Budget.
Under the Ten Point Plan, the UK would capture 10 million tonnes of CO2 annually by 2030, whereas the CCC’s modelling on the Sixth Carbon Budget recommends capturing 22 million tonnes per year by 2030. As part of the Sixth Carbon Budget, Prime Minister Boris Johnson has agreed to legislate a new target to reduce national emissions by 78% by 2035.
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