The UK should build 10GW of carbon capture and storage by 2030, The Energy Technologies Institute (ETI) has said. An ETI report published this week claimed that building the infrastructure needed to capture 50m tonnes of C02 from industry and power stations is “feasible and affordable”.
The ETI said that the carbon capture and storage infrastructure would involve “developing co-ordinated clusters and storage hubs”, and needs “and early investment to appraise new storage sites for CO2 below the North Sea”. The ETI report estimated the infrastructure cost of the project to be £20bn to £32bn.
Written in partnership with Element Energy and Poyry, the report said that failure to begin the process of co-ordinating the different “clusters” involved would increase costs in the longer term.
ETI head of economic strategy and the report’s author George Day said: “Developing CCS can also build on the country’s existing offshore engineering capabilities and safeguard the future of key energy-intensive industrial clusters and thousands of jobs.
“Apart from its role in power generation, CCS can capture industrial emissions at low cost, provide flexible low carbon energy for industry, transport and heat through gasification and deliver high value negative emissions when combined with bioenergy.