Britain Pledges $28.5 Billion for Carbon Capture

08 Oct 2024 CW Team

The United Kingdom has committed up to £28.5 billion to accelerate its carbon capture and storage (CCS) projects in an effort to meet its net-zero emissions goal by 2050. The pledge comes as the nation prioritizes decarbonization and looks to strengthen its leadership in the development of carbon capture technology. CCS is viewed as a crucial component of the UK's strategy to reduce carbon emissions, particularly in hard-to-decarbonize sectors like heavy industry and energy production.

This investment will fund multiple large-scale carbon capture and storage projects, with a focus on capturing carbon dioxide emissions from industrial processes and power generation, preventing the release of CO2 into the atmosphere. The technology also enables the permanent storage of captured carbon deep underground, significantly lowering emissions.

The British government has stated that the £28.5 billion funding could support job creation, technology development, and infrastructure expansion in carbon capture. With this move, the UK hopes to incentivize innovation and industrial growth while positioning itself as a global leader in CCS.

The funding is part of the UK's broader commitment to achieving net-zero carbon emissions by 2050. CCS is increasingly seen as a key tool to decarbonize sectors that are challenging to transition, like cement production, steel manufacturing, and natural gas processing. The government expects the initiative to not only reduce carbon emissions but also ensure long-term energy security and sustainability.

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..