An agreement that could see carbon emissions stored in depleted oil fields in the
The ministers pledged to undertake a bilateral effort to explore areas of co-operation to encourage injection and permanent storage of CO2 beneath the
Known as carbon sequestration, the technology can be used to separate CO2 from coal and gas firing power stations, which is then pumped into depleted oil fields via disused pipelines.
“This technology could cut the level of CO2 emissions from power stations by up to 90%,” said Wicks. “It is estimated that we have the capacity under the UK Continental Shelf to store our total carbon emissions for decades to come.”
Mr Wicks added: “
“The Energy review which was announced yesterday will consider the policy options to ensure that the
The Carbon Abatement Technology Strategy, announced by Malcolm Wicks in June this year, recognised that incentives may be needed to encourage the development of these technologies. The Climate Change Programme Review has been looking at the need for incentives and will comment on these when it is published. It is expected that the Energy Review will also look in further detail at the need and scope of such incentives.