CCUS - What does CCUS stand for? The Free Dictionary
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Against the background of the two previous cancelled competitions, the UK Government recognises that to ensure the delivery of CCUS, a supportive policy environment is vital.
The key proposal of the business models consultation is to have a separate support model for CO2 transport and storage from that which supports the carbon capture elements of any CCUS project, thereby allowing for flexibility.
The re-use consultation notes that a CO2 transport and storage network is "central to deploying CCUS" but "requires large upfront capital expenditure".
"CCUS is crucial to meeting the UK's climate change targets and will be vital to achieving a net zero target, but Government support is needed to make CCUS a reality.
"Without CCUS many of our heavy industries could face closure.
"CCUS has a critical role to play in decarbonising our economy and modernising UK industry - the government should now throw its full support behind CCUS and put the right policy levers in place to ensure that this technology can deliver on its potential."