The UK plans to reset its decarbonization and energy security plans through a £20bn investment in carbon capture and clean energy infrastructure. This ambitious response from the UK is intended to reassure investors who want to invest in crucial net-zero technologies such as electric vehicles (EVs) and carbon capture and storage (CCUS) projects.
The proposed investment in carbon capture projects aims to store up to 20 to 30 million tonnes of CO2 a year by 2030. This is equal to the emissions from 10 to 15 million cars.
The £20bn investment plan includes:
- Generating up to 50,000 jobs
- Bolstering the country’s energy security
- Providing clean energy through carbon capture
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