Written Question·Department for Energy Security and Net Zero·UIN 20144
Carbon Capture and Storage and Hydrogen: Finance
Tabled: 16 December 2024
Answered: 19 December 2024
Named DayQuestion
Liam Byrne
Labour — Birmingham Hodge Hill and Solihull North
To ask the Secretary of State for Energy Security and Net Zero, what estimate his Department has made of the amount of private investment that will be raised for carbon capture and storage and hydrogen projects by the £3.9 billion of public funding announ
Answer
Sarah JonesOn 4th October, the government reached commercial agreement with the private sector and announced up to £21.7bn of available funding over 25 years to launch the UK’s new carbon capture, usage and storage industry. We expect this funding to crowd in £8bn i...
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