CO2 storage: Why billions in subsidies a • Table.Briefings

Premierminister Keir Starmer, Schatzkanzlerin Rachel Reeves und der Minister für Energiesicherheit und Netto-Nullenergie Ed Miliband — The UK wants to subsidize CCS projects with almost 22 billion pounds. The announcement follows the example of other countries

The UK wants to subsidize the capture and storage of CO2 (CCS) with almost 22 billion pounds. Many other countries are pushing ahead with plans for the controversial climate technology. Experts say there are other long-term options for most sectors and environmentalists warn of leaks like those that have recently occurred in the US.

One month before the next climate conference in Baku (COP29), one of the most controversial climate technologies is gaining new momentum: the capture and storage of CO2 (CCS). The UK wants to promote CCS projects with subsidies of almost 22 billion pounds. Norway has put a new CO2 storage facility into operation with the Northern Lights project. And many other countries have launched subsidy programs or are working on CCS strategies.

CO2 storage: Why billions in subsidies are causing skepticism

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