Capturing Carbon Isn’t Enough. We Need to Remove It.
March 18, 2023
Media Highlights
Is this British government, short of cash and political capital, nimble enough to take on the US for a leadership role in the race to net zero?
Washington Post - In the next fortnight, Britain plans to announce a raft of environmental policies in a big splash internally dubbed “Green Day.” So, news on much-needed planning reforms, green finance, electric vehicle manufacturing, domestic insulation, heat pumps and so on is likely.
But we got a first step this week with a spending pledge on a climate technology that many view as vital to the clean-energy transition.
Chancellor of the Exchequer Jeremy Hunt announced £20 billion ($24 billion) in funding for carbon capture, usage and storage (sometimes referred to as simply carbon capture and storage, or CCS) over 20 years. It’s a punchy investment that gives certainty where it was lacking, but something is missing.
