UK Makes £20 Billion Bet on Carbon Capture in Race Against US
byTodd Gillespie (Bloomberg) Chancellor commits funds to limit carbon-dioxide emissions; Investment competition builds as Biden draws startups to US — Britain’s pledge to pump money into carbon capture is ramping up a bet on the fledgling technology that’s fast becoming an international investment battleground.
Chancellor Jeremy Hunt on Wednesday officially committed as much as £20 billion ($24 billion) over the next two decades for local carbon capture and storage projects that pump emissions underground. CCS, which isn’t yet used at scale, is crucial to the UK’s net zero emissions target READ MORE
U.K. makes £20B bet on carbon capture in race against U.S. (Politico Pro Climatewire)
UK Fears Biden Subsidies May Lure £2 Billion of Climate Cash (Bloomberg/Yahoo!)
UK earmarks £20 billion for carbon capture and storage funding (Upstream)