Net zero boost as carbon capture licences awarded
The technology, to remove climate-damaging gases from industrial sites, is seen by many scientists as important in reducing emissions to net zeroCarbon storage licences, nine of which are off the Lincolnshire coast, have been awarded to 12 different companiesThe first storage sites could be operational in six yearsRegulators have awarded the first 20 licences for seabed sites for storing captured carbon, including nine off the Lincolnshire coast.
The technology, to remove climate-damaging gases from industrial sites, is seen by many scientists as important in reducing emissions to net zero.Officials said the new sites could store 10% of total annual UK emissions. Andy Brooks - director of new ventures at the North Sea Transition Authority - said: "Nine of the 20 licences that have been awarded are either partially or wholly off the coast of Lincolnshire.The 20 licences, which also include sites near Aberdeen, Teesside and Liverpool, cover an area of 10,000 square kilometres - roughly the size of Yorkshire, according to Mr Brooks.However, he added that up to 100 stores would be needed to meet the government’s ambitions to reach net zero by 2050.
He added that as well as cutting emissions, the move would create "thousands of skilled British jobs".
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