UK BEIS Committee releases report following its inquiry on CCUS
26th April 2019
The UK Business, Energy and Industrial Strategy (BEIS) Committee has released its final report which presents its recommendations and findings following its Inquiry on carbon capture, usage and storage (CCUS).
The report highlights the importance and value of CCUS to the UK and its economy and urges the UK Government to consider the technology as an important tool for least-cost decarbonisation. The Committee highlighted that CCUS has the unique ability to significantly reduce industrial emissions, enable the production of clean hydrogen and help deliver the UK’s emission reduction targets. The report also recommends urgent and sustained action to help accelerate the deployment of CCUS in the UK by putting forward a series of recommendations to support forward-looking policy development on CCUS.
On the occasion of the launch of the report, the Institute’s General-Manager Advocacy, Guloren Turan said:
“We welcome the constructive recommendations of the BEIS Committee report on CCUS which we believe presents an opportunity to strengthen UK’s ambition towards CCUS both across government and industry to further support the deployment of the technology. We commend Minister Claire Perry’s leadership and commitment to deploying CCUS in the UK and her recognition of the huge opportunities it can bring for the country.”
In its report, the BEIS Committee also highlights the early mover advantage to deploying CCUS and the role of government to de-risking investments and developing business models for capture, and transport and storage.
The report is the outcome of a public consultation and several public expert hearings held with industry, academia and civil society. The BEIS Committee – a cross-party group aimed at assessing the policy and administration of BEIS department – launched the CCUS inquiry in May 2018 to examine the UK Government’s ambition to deploy CCUS to meet its climate targets, as highlighted in the UK Government Clean Growth Strategy. With this inquiry, the work of the BEIS Committee aimed to complement the work of the CCUS Cost Challenge Taskforce.
You can read the full report here.
The Institute also recently released a report “Policy priorities to accelerate large-scale deployment of CCS”. Read the full report here.