Parliamentary report says government must lead on CCS delivery
The establishment of a state-owned company to progress carbon capture and storage (CCS) projects will be key to ensuring the technology is delivered at least cost, an independent report has said. The study, prepared for the government by Lord Oxburgh’s parliamentary advisory group on CCS, was published on Monday 12 September. It said that a state-owned company should be tasked with delivering full-chain CCS for power at strategic hubs around the UK at or below £85/MWh. This would comprise two separate companies: one to deliver the power stations and one to deliver the transport and storage infrastructure. It would need up to £300mn of funding over the next five years, the report said.