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Track 1 projects are expected to be funded through a mixture of levy and exchequer funding. We expect levy funded projects to become operational from late 2028. The exact split of levy and exchequer funding across Track 1 will be determined in due course and is subject to further negotiation, consultation, and statutory processes. DESNZ will consider potential impacts on energy bills as part of the statutory processes for drawing down on any other new or existing levies that may further support CCUS Track-1.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4631", "label" : {"_value" : "Biography information for Sarah Jones"} } , "answeringMemberConstituency" : {"_value" : "Croydon West"} , "answeringMemberPrinted" : {"_value" : "Sarah Jones"} , "dateOfAnswer" : {"_value" : "2024-10-15", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-10-15T11:26:06.917Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "215"} , "answeringDeptShortName" : {"_value" : "Energy Security and Net Zero"} , "answeringDeptSortName" : {"_value" : "Energy Security and Net Zero"} , "date" : {"_value" : "2024-10-08", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Carbon Capture and Storage: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Energy Security and Net Zero, what proportion of funding for the carbon capture, utilisation and storage scheme will be raised by a levy on energy bills from 2029 onwards.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4108", "label" : {"_value" : "Biography information for Sir Gavin Williamson"} } , "tablingMemberConstituency" : {"_value" : "Stone, Great Wyrley and Penkridge"} , "tablingMemberPrinted" : [{"_value" : "Sir Gavin Williamson"} ], "uin" : "7768"} , {"_about" : "http://data.parliament.uk/resources/1731993", "AnsweringBody" : [{"_value" : "Department for Energy Security and Net Zero"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1731993/answer", "answerText" : {"_value" : "

The Department plans to release the Full Business Cases (FBCs) for the two clusters next year, in line with the requirements for programmes in the Government Major Projects Portfolio.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4631", "label" : {"_value" : "Biography information for Sarah Jones"} } , "answeringMemberConstituency" : {"_value" : "Croydon West"} , "answeringMemberPrinted" : {"_value" : "Sarah Jones"} , "dateOfAnswer" : {"_value" : "2024-10-15", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-10-15T09:09:19.447Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "215"} , "answeringDeptShortName" : {"_value" : "Energy Security and Net Zero"} , "answeringDeptSortName" : {"_value" : "Energy Security and Net Zero"} , "date" : {"_value" : "2024-10-07", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Carbon Capture and Storage: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Energy Security and Net Zero, if his Department will publish the evidential basis informing the decision to fund carbon capture, usage and storage clusters announced on 4 October 2024.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4500", "label" : {"_value" : "Biography information for Clive Lewis"} } , "tablingMemberConstituency" : {"_value" : "Norwich South"} , "tablingMemberPrinted" : [{"_value" : "Clive Lewis"} ], "uin" : "7486"} , {"_about" : "http://data.parliament.uk/resources/1694298", "AnsweringBody" : [{"_value" : "Department for Energy Security and Net Zero"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1694298/answer", "answerText" : {"_value" : "

£210 million (matched by £261 million from industry) has been allocated through the UKRI Industrial Decarbonisation Challenge (IDC) since 2019 to drive the decarbonisation of the UK\u2019s six major industrial clusters, of which £150 million has been allocated to projects within HyNet, East Coast Cluster, Acorn and Viking CCS clusters. The breakdown of funding allocated (all funding will be allocated by the end of March 2024) and funding provided to date through the IDC to projects within the clusters mentioned are as follows:<\/p>

<\/p>