Source · Select Committees · Environmental Audit Committee
Recommendation 41
41
Accepted
Paragraph: 224
It is encouraging that the North Sea Transition Authority is in the process of issuing...
Recommendation
It is encouraging that the North Sea Transition Authority is in the process of issuing licences to CCUS projects in the UK. We support the North Sea Transition Deal’s intention to drive forward the deployment of this technology which will be essential in decarbonising heavy industry. The Government must ensure that there is certainty for the industry: there must be no repetition of the sudden withdrawal of Government support which previously disrupted the development of CCUS projects in the UK.
Government Response Summary
The government stated that its £1 billion CCS Infrastructure Fund and the £240mn Net Zero Hydrogen Fund, along with work on enduring business models and revenue support, will provide industry with the certainty required to deploy CCUS at pace and at scale and that the Energy Security Bill brings forward provisions to establish CO2 transport and storage, industrial carbon capture and low carbon hydrogen business models.
Paragraph Reference:
224
Government Response
Accepted
HM Government
Accepted
Our £1 billion CCS Infrastructure Fund and the £240mn Net Zero Hydrogen Fund, along with work on enduring business models and revenue support, will provide industry with the certainty required to deploy CCUS at pace and at scale. The Energy Security Bill brings forward provisions to establish CO2 transport and storage, industrial carbon capture and low carbon hydrogen business models, which, among other things will put in place the framework for providing the long-term revenue certainty needed to establish and scale up deployment of the CCUS and hydrogen industries across the UK. The Energy Bill has completed Lords’ Committee Stage and continues to progress through Parliament, with Royal Assent expected this parliamentary session.