Government axes £1bn CCS competition in 'devastating' blow to industry

Jessica Shankleman
clock

UPDATED: CCSA accuses government of moving goalposts after reneging on funding commitment made six months ago

The government has today quietly halted a £1bn competition aimed at commercialising carbon capture and storage (CCS) technology seen as crucial to the UK meeting its climate change targets. As the Chancellor...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Policy

COP29: UK joins expanded coalition to phase out fossil fuel subsidies

COP29: UK joins expanded coalition to phase out fossil fuel subsidies

UK, New Zealand, and Colombia sign up to international Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies

James Murray
clock 19 November 2024 • 4 min read
COP29 update from Baku

COP29 update from Baku

BusinessGreen Editor’s Briefing: COP29

clock 15 November 2024 • 1 min read
COP29 breakthroughs and Manchester City solar panels: BusinessGreen's most read stories of the week

COP29 breakthroughs and Manchester City solar panels: BusinessGreen's most read stories of the week

BusinessGreen rounds up the most widely read stories on the site this week

BusinessGreen staff
clock 15 November 2024 • 1 min read