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Reading: To achieve net zero, the government is committing £22 billion for carbon capture and storage technology.
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Baner Club > Blog > Business > To achieve net zero, the government is committing £22 billion for carbon capture and storage technology.
BusinessTechnology

To achieve net zero, the government is committing £22 billion for carbon capture and storage technology.

In an effort to meet tight climate objectives, the government has committed to funding about £22 billion for projects that capture greenhouse emissions from polluting factories and store them underground.

Last updated: 2024/10/04 at 7:46 AM
Published October 4, 2024
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The new “carbon capture clusters” will be located in Merseyside and Teesside, two industrially dense regions, and the plans aim to attract private investment and jobs there.
Ed Miliband, the secretary for energy security and net zero, said on News that “a new era begins today” with the emergence of a sector that prevents carbon emissions from entering the environment, creates “good jobs,” and demonstrates government investment in the nation.

Though there are concerns about how best to use this, Prime Minister Sir Keir Starmer claimed that the action was “reigniting our industrial heartlands by investing in the industry of the future.”

In order to tackle climate change, carbon capture, utilization, and storage, or CCUS, has been created.

It absorbs and stores the carbon dioxide that warms the globe that is emitted when fossil fuels or large industries burn them.

The Climate Change Committee (CCC), the UK’s climate experts, and UN scientists agree that it is costly and challenging, but necessary to get the globe to net zero, which the UK aims to achieve by 2050.

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admin October 4, 2024 October 4, 2024
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