Morning, Monday, 9th December 2024
Online
This conference will look at next steps for the development of carbon capture, usage and storage (CCUS) in the UK.
It takes place in the context of:
- the Government’s pledge to support carbon capture clusters in Merseyside and Teesside with up to £21.7bn in funding, as well as its commitment to further fund development of facilities with the National Wealth Fund
- £3.9bn worth of funding in the 2024 Budget for the first CCUS clusters in the UK
- the launch of GB Energy, which will aim to generate increased revenue by investing in and owning clean power generation assets, particularly in emerging technologies such as CCUS
- concerns from the National Audit Office’s value for money report published in July, suggesting that the UK will struggle to meet its 2030 ambitions for CCUS, and recommending a focus on learning lessons from the negotiation process
- the establishment of a clean energy taskforce at DESNZ
So far, we are pleased to be able to include keynote sessions with: Alex Milward, Director, CCUS, DESNZ; Simon Bittlestone, Director, Value for Money, NAO; Tim Stedman, CEO, Storegga; and Mhairidh Evans, VP, Global Head of CCUS Research, Wood Mackenzie.
The conference is an opportunity to discuss:
- developments in the CCUS ecosystem so far
- the scope for the expansion and development of new and pre-existing zero carbon hubs around industrial clusters
- the socio-economic impact of new funding commitments for CCUS projects in the UK’s industrial heartlands
- priorities for creating an internationally competitive market for carbon storage
- support for innovation to improve storage methods and mitigate deployment risks
- concerns about the viability and efficiency of CCUS as a method of decarbonising across sectors
- latest thinking on CCUS’s contribution to UK ambitions of net zero by 2050
- how to optimise CCUS’s value for money
- next steps to support future ambitions, including policy and infrastructural issues and what can be learnt from the Track-1 negotiations process for Track-2
- key issues for governance and how to sustain investor confidence
- the role of the circular economy and green trade
All delegates will be able to contribute to the output of the conference, which will be shared with parliamentary, ministerial, departmental and regulatory offices, and more widely. This includes the full proceedings and additional articles submitted by delegates. As well as key stakeholders, those due to attend include parliamentary pass-holders from the House of Commons and officials from CCC; DESNZ; Defra; EA; NESO; NIC; DBT; DECC, ROI; DETE, ROI; DfT; DAERA, NI; CCS; HM Treasury; NSTA; DfC, NI; MHCLG; and The Scottish Government.
