UK could start burying CO2 from other countries

illuminem summarizes for you the essential news of the day. Read the full piece on Carbon Herald or enjoy below:

🗞️ Driving the news: The UK is investing £22 billion in carbon capture and storage (CCS) technology, positioning itself as a global leader by not only reducing domestic emissions but also potentially importing CO2 from other countries for underground storage

🔭 The context: CCS is a proven method used in countries like Norway and the US, helping to capture and store carbon emissions underground
• This is part of the UK's broader strategy to transition to a low-carbon economy, following the closure of its last coal-fired power station

🌍 Why it matters for the planet: CCS could play a vital role in reducing global carbon emissions, particularly for industries that are hard to decarbonize, and enhance the UK's role in international climate action

⏭️ What's next: The UK plans to further incentivize green infrastructure and could introduce measures to reduce energy bills, while maintaining a balance between renewable energy and energy security

💬 One quote: "The possibility of us being the world leaders here, and being able to import carbon... is incredibly exciting and is absolutely essential as part of the mix for the future" — Sarah Jones, Industry Minister

📈 One stat: Norway's Sleipner project has been storing around 1 million metric tons of CO2 annually in an offshore reservoir since 1996, making it one of the longest-running carbon capture and storage (CCS) projects globally

Click for more news covering the latest on carbon capture & storage