Subsea stores provide low cost route to carbon capture claims report

CCS technology is regarded by many as being essential if the UK is to meet its legally binding 2050 carbon targets. Indeed, the ETI has warned that failure to deploy CCS will end up costing the UK an extra £1 – 2bn per year.

The government’s 2015 cancellation of its £1bn CCS competition was widely regarded as a major setback for the UK’s position in this emerging area.

However, according to the report - Taking stock of UK CO₂ ^- large-scale storage sites using shared infrastructure and existing low risk technologies could provide a low cost route to developing carbon capture and storage (CCS) in the UK.

The report identifies the east coast of England - which has a large emissions base, good sites for new power stations and good access to large offshore storage sites - as a prime location for CCS deployment. It argues that once shared infrastructure has been developed then the decarbonisation of industry by CCS can be rolled out at an attractive cost and the generation of hydrogen and negative emissions developed.