Britain Pledges $28.5 Billion for Carbon Capture
OIL & GAS

Britain Pledges $28.5 Billion for Carbon Capture

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.

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.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?