Written Question·Department for Energy Security and Net Zero·UIN 7768
Carbon Capture and Storage: Finance
Tabled: 8 October 2024
Answered: 15 October 2024
Question
Sir Gavin Williamson
Conservative — Stone, Great Wyrley and Penkridge
To ask the Secretary of State for Energy Security and Net Zero, what proportion of funding for the carbon capture, utilisation and storage scheme will be raised by a levy on energy bills from 2029 onwards.
Answer
Sarah JonesTrack 1 projects are expected to be funded through a mixture of levy and exchequer funding. We expect levy funded projects to become operational from late 2028. The exact split of levy and exchequer funding across Track 1 will be determined in due course ...
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