Government Commits £22 Billion to Carbon Capture Projects

The government has committed £21.7 billion for projects to capture and store carbon emissions from energy, industry, and hydrogen production at two sites in the industrial heartlands in the north of England. The funding available over the next 25 years will be used to develop three projects in Merseyside and Teesside, which are expected to directly create 4,000 new jobs and support 50,000 jobs as the sector matures into the 2030s, as well as attract £8 billion in private investment. The government also said that the measures “support acceleration to net zero,” beginning a “new era for the clean energy industry … in the week Britain became the first industrialised nation to end its 150-year usage of coal.”...