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DESNZ publishes new plans for competitive carbon capture market

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Published on: 22 December 2023

Published by LNB News

LNB News 22/12/2023

Document Information

Issue Date: 22 December 2023

Published Date: 22 December 2023

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

Article summary

The Department for Energy, Security and Net Zero (DESNZ) has published its new plans to create a competitive carbon capture market. The new Carbon Capture, Usage and Storage (CCUS) plan hopes to unlock investment and drive economic growth following an unprecedented investment of £20 billion. Its purpose is to increase investor confidence in the UK’s CCUS market, making the UK a global leader in CCUS. In a statement released by DESNZ the vision to establish a competitive market is set out and explained in detail on how this will be carried out.

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