INTIEAUnited Kingdom · Ten Point Plan for a Green industrial Revolution - Point 8: Carbon capture, usage and storagePolicyIn force

Ten Point Plan for a Green industrial Revolution - Point 8: Carbon capture, usage and storage

As part of the Ten Point Plan, the UK will increase the development of CCUS for a greener industrial revolution.      The UK aims at capturing 10Mt of carbon dioxide by 2030. Through the new policy, a 1 billion CCUS Infrastructure Fund was created to support in 4 industrial CCUS…

Last changed 3 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: United Kingdom · Year: 2020 · Status: In force · Level: National · Type: Voluntary

As part of the Ten Point Plan, the UK will increase the development of CCUS for a greener industrial revolution.

The UK aims at capturing 10Mt of carbon dioxide by 2030. Through the new policy, a 1 billion CCUS Infrastructure Fund was created to support in 4 industrial CCUS clusters (North East, Humber, North West, Scotland and Wales). More details will be published in 2021 for a revenue mechanism to bring in private sector investment.

Expected results:

- 50 000 jobs by 2030

- Up to 1 billion GBP public investment by 2025

- savings of around 40 MtCO2e between 2023 and 2032, or 9% of 2018 UK emissions.

Targets:

2021: Execute a process for CCUS deployment, working in collaboration with industry and set out further details of a revenue mechanism for industrial carbon capture and hydrogen projects

2022: new CCUS business models finalised

2030: 2 clusters operational by the mid-2020s, subject to relevant value for money and affordability considerations and a further 2 clusters operational by 2030.

Official source: https://www.gov.uk/government/publications/the-ten-point-plan-for-a-green-industrial-revolution/title

Source

https://www.iea.org/policies/12527

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45841NewsIn force

Aluminium Gives Up Its War Premium, Copper Stays Elevated

LME Week 2026 kicked off in London on Monday, with industry leaders focused on the macroeconomic outlook for base metals, AI and energy transition demand, as well as critical mineral supply chain resilience. This year's discussions have come at a time when the London Metal Exchange is robustly healthy, recording a 16% year-on-year increase in average daily turnover from January through September. Standard Chartered's commodity analysts expect mixed results for base metals in the coming months. Prices will follow macroeconomic conditions (risk…

15 hours ago
INTEnergy Newsoilprice:oilprice-article-45840NewsIn force

Big Oil Eyes Record Profits but Keeps Spending in Check

Oil supermajors have been raking it in since the war in the Middle East began. They are now set to report another robust quarter, even as some jurisdictions where they operate plan to slap windfall taxes on them. The question now is what Big Oil will do with these profits. The answer: it probably won’t be a spending spree. They sure have the money for a spree. If the second quarter is any indication—and it is—oil and gas majors are having a really strong year. Out of all S&P 500 sectors, Energy booked annual growth of 128.2%…

16 hours ago
INTEnergy Newsoilprice:oilprice-article-45839NewsIn force

U.S. Energy Red Tape Gives China an Edge

Congress needs to pass the bipartisan bill on permitting reform to accelerate energy infrastructure buildout so that the United States can compete economically and industrially with China, say former economic policy and national security officials who have served six U.S. presidents. The Bipartisan American Affordability and Jobs Act of 2026 was introduced in the Senate at the end of September and is expected to be debated after the mid-term elections when Congress returns from the recess on November 9. The bill would reinforce statutory deadlines…

17 hours ago
INTEnergy Newsoilprice:oilprice-article-45835NewsIn force

S&P Global Warns Hormuz Energy Shock Could Become a Global Food Crisis

The world’s ongoing energy crisis is quickly turning into a global food security crisis. Ongoing conflict between some of the world’s most prominent economies on two major fronts – Russia’s war in Ukraine and the United States’ and Israel’s war in Iran – is creating geopolitical shockwaves through critical global trade routes and threatening some of humanity’s most essential commodities, from oil and gas to grain and fertilizer. A "multidirectional squeeze on world agriculture" is taking form,…

18 hours ago
INTEnergy Newsoilprice:oilprice-article-45836NewsIn force

As BP Leaves the North Sea, These Independents Are Buying In

Back in July, UK oil and gas major BP Plc. (NYSE:BP) announced that it was putting its entire UK North Sea oil and gas business up for sale as part of a broader $20-billion portfolio overhaul, marking the end of a 60-year era as a leading player in Europe's largest oil basin. BP's North Sea operations produced about 117,000 barrels of oil equivalent per day in 2025 (roughly 5% of BP's total global output) and employed around 1,100 people. BP is hardly alone. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) have sold their UK North Sea assets in recent…

19 hours ago