The Carbon Capture and Storage Association (CCSA) congratulates Prime Minister Keir Starmer and his Party on their election victory. The CCSA, the leading trade association accelerating the commercial deployment of CCUS, looks forward to working with the new Government to build the UK’s first Carbon Capture, Utilisation & Storage (CCUS) clusters.
Labour’s support for Carbon Capture and Storage in their General Election manifesto and the additional £1bn under their National Wealth Fund to accelerate carbon capture presents a real opportunity to decarbonise British industry and deliver low carbon infrastructure projects.
With the CCUS industry on the cusp of deploying projects at scale across the UK’s industrial heartlands, accelerating the deployment of these projects could secure almost £30bn in private sector investment by 2030, deliver 70,000 new jobs and protect 77,000 more in existing carbon-intensive industries.
But it is vitally important that momentum is maintained on the CCUS Cluster Sequencing Programme to ensure the UK remains a global leader in this vital technology.
With key decisions needed to be taken immediately in the coming weeks to deliver the first two CCUS clusters, the industry is eager to work with the new Government to secure global leadership in CCUS technology.
Ruth Herbert, Chief Executive of the Carbon Capture & Storage Association said:
'The CCSA looks forward to working with Keir Starmer’s government to put the UK at the forefront of the green Industrial Revolution. We have the opportunity to manufacture low carbon cement and glass here in the UK, rather than import it from elsewhere. Carbon Capture and Storage clusters in the UK have the potential to attract around £30bn of private capital to industrial regions by 2030, boosting local economies whilst our industry decarbonises. The first step is final investment decisions on the first two clusters in the north of England – the negotiations have almost concluded and now Ministerial sign off is required – providing the perfect opportunity to follow through on manifesto commitments on industrial decarbonisation and clean power within the first few weeks of this government.'
Source: CCSA
