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Government pledges £22bn for carbon capture and storage technology in net zero drive

  • The Government has pledged £22 billion for carbon capture and storage technology, focusing on Merseyside and Teesside. This will create jobs and attract private investment.
  • Prime Minister Sir Keir Starmer stated this initiative aims to "reignite our industrial heartlands" and provides 25 years of funding certainty.
  • Ms. Reeves noted the technology will generate 4,000 jobs and billions in investment, enhancing growth in Merseyside and Teesside.
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Great Britain plans to invest the equivalent of around 26 billion euros in the underground storage of climate-damaging CO2.

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WDC TV News broke the news in on Thursday, October 3, 2024.
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