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<p>The Government believes that carbon capture, usage and storage (CCUS) has the potential
to play an important role in meeting the UK’s climate targets. CCUS can add value
to the economy and help tackle hard to decarbonise sectors.</p><p>The Government published
its CCUS Action Plan in November 2018, designed to progress CCUS in the UK, including
enabling the UK’s first CCUS facility to be operational from the mid-2020s. The Government
is investing over £50 million in CCUS innovation support between 2017 and March 2021.</p><p>CCUS
is also likely to play an important role in achieving our Industrial Clusters Mission,
creating the world’s first net-zero industrial cluster by 2040. This is supported
by up to £170 million from the Industrial Strategy Challenge Fund to support the deployment
of low carbon technologies and enabling infrastructure in one or more clusters. In
addition, through our Industrial Energy Transformation Fund we are investing £315
million to support businesses with high energy use to cut their bills and emissions
through increased energy efficiency and transition to a low carbon future through
the use of lower carbon energy and processes. This may support CCUS projects.</p><p>In
March this year, the Government launched the CCUS Advisory Group. Backed by government
and industry support, the Group will provide advice on the potential incentives and
regulations needed for the development of a new UK market in CCUS.</p><p>The Government
is also working with other governments to promote the development of CCUS internationally.
We hosted, with the International Energy Agency, the Global CCUS Summit in Edinburgh
last November which brought together world energy leaders from governments and industry
to accelerate the global progress of CCUS and co-lead the CCUS initiatives under both
Mission Innovation and the Clean Energy Ministerial.</p><p> </p>
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