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BEIS announces updates for TRI to create new CCUS sector

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Published on: 06 January 2022

Published by LNB News

LNB News 06/01/2022

Document Information

Issue Date: 06 January 2022

Published Date: 06 January 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Department for Business, Energy & Industrial Strategy (BEIS) has published updates on the proposed commercial frameworks for transport and storage, power, and industrial carbon capture business models. BEIS noted the updates set out further details about the Transport and Storage (T&S) Regulatory Investment Model (TRI). Furthermore, BEIS aims to attract investment in T&S networks to establish a new Carbon Capture Usage and Storage (CCUS) sector, enable low-cost decarbonisation in multiple sectors and develop a market for carbon capture in the long-term.

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