The Government has said it is “not at all” embarrassed by news the most advanced Carbon Capture and Storage (CCS) projects are currently in North America, despite ministers claiming the UK will be a “world leader” in the new technology.
This week a report from Bloomberg New Energy Finance said the States and Canada were most likely to have the first full-scale projects in operation.
DECC suggested it was happy for the fledgling CCS industry in Britain – which rests on one billion pounds of funding from government – to take its time to become “cost competitive”.
A DECC spokeswoman told ELN: “The UK is aiming to develop a new cost-competitive CCS industry in the 2020s and not just projects in isolation.
“Together with support for early projects, our Electricity Market Reforms also provide a clear route to market for future CCS projects. It is our full package of offers for CCS that is widely recognised as one of the best in the world.”
DECC said it welcomes progress in North America and “will be looking to share learnings to help accelerate cost reduction and the global deployment of CCS”.