Carbon capture making slow progress in UK and Europe

Northern Lights

Source: © Kjersti Nordøy/Equinor

Government funding welcomed, but issues over strategy and CO2 purity persist

The UK government has confirmed almost £22 billion funding to kickstart the country’s first carbon capture, transport and storage (CCS) projects in the UK. The money, to be made available over 25 years, is seen by industry as critical to de-risk these early projects, and bring in the estimated £8 billion private investment needed to build them.