The Storing ’20s: Can the UK realise its offshore CCS ambitions?
The UK government recently announced it would create a ‘treasure map’ of potential carbon capture and storage resources beneath the North Sea. You may find it a curious name, but the ambition is serious: the UK aims to capture 10Mt of carbon dioxide a year by 2030 – “the equivalent of 4 million cars’ worth of annual emissions”.
It is already mid-2023. That leaves 6.5 years to reach that target from a standing start. How can that be done? Is it even possible? What needs to happen if we really are to mark this decade as ‘the Storing ’20s’?
Innovation will be needed across a variety of spheres, with unresolved questions regarding the economics, contractual models, reputational challenges, and engineering of North Sea CCS.
Read our latest article from our Innovation Director, Ben Cannell to discover how the UK can become a key player in the future of CCS developments.