I am writing to inform you that during recess I will launch the CCS commercialisation programme—the Government’s competition for CCS—and publish our CCS road map.
CCS has the potential to be one of the most cost-effective technologies for decarbonisation of the UK’s power and industrial sectors, as well as a significant green growth opportunity.
Launching the competition and publishing the CCS road map will be a major step forward on our CCS agenda. Our CCS commercialisation programme will, subject to state aid clearance, support commercial scale CCS with the £1 billion in capital funding that we have made available. The focus will be on reducing the cost of CCS to enable cost-competitive deployment in the 2020s. The road map will set out the strategic context and describe our approach to enabling commercialisation of CCS in the UK, including the wider programme of interventions which we are putting in place.
I believe that we now have one of the best CCS packages offered by any country in the world and that the launch of the programme and road map will ensure that the UK continues to be a global leader on CCS.
A copy of the road map will be laid in the House on publication.