UK Grants 20 Licences for Offshore Carbon Storage – Reuters
Britain awards 20 offshore carbon storage licences Reuters
The United Kingdom has recently taken a major step towards reducing its carbon footprint by granting 20 licences for offshore carbon storage. This move is part of the country’s commitment to reach net zero carbon emissions by 2050. The licences are part of the government’s Carbon Capture and Storage (CCS) programme, which aims to capture and store carbon dioxide emissions from power plants and other industrial sources.
The UK government has been working on the CCS programme for a number of years, and this latest announcement marks a major milestone in its efforts to reduce emissions. The 20 licences will allow companies to store carbon dioxide in underground reservoirs in the North Sea. This is the first time that the UK has granted licences for offshore carbon storage, and it is a significant step forward in the country’s efforts to reduce emissions.
The licences will enable companies to store up to 10 million tonnes of carbon dioxide each year. This is equivalent to taking 2.5 million cars off the road, or planting 1.5 million trees. The stored carbon dioxide will be monitored and monitored to ensure that it remains safely stored in the reservoirs.
The UK government is also investing in other technologies to reduce emissions, such as renewable energy sources and energy efficiency measures. However, the CCS programme is seen as an important part of the country’s efforts to reduce emissions, as it allows for the capture and storage of carbon dioxide from power plants and other industrial sources.
The UK government hopes that the CCS programme will help to create jobs and economic growth in the country. It is estimated that the programme could create up to 10,000 jobs and generate up to £1 billion in investment over the next 10 years.
Overall, the UK’s decision to grant 20 licences for offshore carbon storage is a major step forward in its efforts to reduce emissions and meet its goal of net zero carbon emissions by 2050. The programme is expected to create jobs and generate investment, while also helping to reduce emissions and protect the environment.
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