Design of the Carbon Capture and Storage (CCS) Infrastructure Fund Policy Paper

by | May 10, 2021 | BEIS, Carbon Capture and Storage, Environment, Policy, UK

The Department for Business, Energy and Industrial Strategy (BEIS) has published the above named Policy Paper.

The paper provides details of the design of the CCS Infrastructure Fund (CIF) and how it will be used. The government has committed to deploy carbon capture, usage and storage CCUS in 4 industrial clusters, aiming to capture 10MtCO₂ a year by 2030. The CCS Infrastructure Fund, announced in 2020, will support capital expenditure on transport and storage (T&S) networks and industrial carbon capture (ICC) projects.

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Source: BEIS.

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