The Government’s roadmap for Carbon Capture and Storage will be launched over Easter, Energy Secretary Ed Davey announced yesterday.
Mr Davey told Parliament in a written statement he will also launch the £1billion programme meant to help the new technology become cost effective during the Commons’ recess.
The Government will hope this can jump-start confidence in the new technology after the prominent collapse of the Longannet CCS project at the Fife power station last autumn, which had originally been earmarked to get the Government’s billion pound pot.
The new CCS Commercialisation Programme will focus on reducing the cost of CCS so it can come to the market in the 2020s, said the Energy Secretary.
Mr Davey said: “CCS has the potential to be one of the most cost effective technologies for decarbonisation of the UK’s power and industrial sectors, as well as a significant green growth opportunity.
“I believe that we now have one of the best CCS packages offered by any country in the world.”