£21.5m of UK funding for ground-breaking projects to capture CO2 emissions


The UK is to lead an international challenge with Saudi Arabia and Mexico to remove carbon from emissions, announced the UK’s Energy Minister Claire Perry.

It will be a unique opportunity to enable an up and coming technology to scale up by working together with other countries.

It is one of seven Mission Innovation challenges announced in 2015 at COP21 with the UK setting out £21.5m ($28.7m) of funding for innovative new Carbon Capture, Utilisation and Storage (CCUS) technologies.

The aim of the funding is to invest in innovation that could reduce the cost of the technology by supporting its development so that CCUS can become commercially viable at scale.

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