Labour to commit almost 22bn to fund carbon capture and storage projects
Briefly

from www.theguardian.com5 months ago
Rachel Reeves is initiating a landmark multibillion-pound public-sector investment in carbon capture and storage, aiming to revitalize Britain's heavy industry while pursuing net zero commitments.
www.theguardian.comhttps://www.theguardian.com/environment/2024/oct/04/labour-to-commit-almost-22bn-to-fund-carbon-capture-and-storage-projects
Reeves indicated that the upcoming budget will reveal a series of measures essential for kickstarting economic growth, emphasizing the urgent need for increased capital investment in clean energy.
www.theguardian.comhttps://www.theguardian.com/environment/2024/oct/04/labour-to-commit-almost-22bn-to-fund-carbon-capture-and-storage-projects
Despite the promise of significant public investment in CCS, concerns remain regarding the technology's commercial feasibility and its potential to prolong reliance on fossil fuels.
www.theguardian.comhttps://www.theguardian.com/environment/2024/oct/04/labour-to-commit-almost-22bn-to-fund-carbon-capture-and-storage-projects
The anticipated government funding of £22 billion is expected to attract £8 billion in private investments from major energy firms, showcasing a shift towards cleaner energy solutions.
www.theguardian.comhttps://www.theguardian.com/environment/2024/oct/04/labour-to-commit-almost-22bn-to-fund-carbon-capture-and-storage-projects
Read at www.theguardian.com
#rachel-reeves #carbon-capture-and-storage #public-investment #clean-energy #net-zero
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