Lord Ezra
Main Page: Lord Ezra (Liberal Democrat - Life peer)(12 years, 9 months ago)
Lords ChamberMy Lords, the prospects for carbon capture and storage in the UK are good. We have six other applicants in the European new entrants’ reserve 300 competition. Through FEED, we have developed substantial practical guidance on the delivery of CCS projects. We will launch a streamlined selection process for future CCS projects as soon as possible and expand on our plans in the next eight weeks. I can confirm that the £1 billion remains available for this.
My Lords, while it is regrettable that the Longannet project has been withdrawn, it is satisfactory to note that these other projects are coming forward and, in particular, that the Government will speed up the selection process. Would the Minister agree that a successful demonstration of carbon capture and storage on a commercial scale could not only reduce carbon emissions but also lead to the creation of many new jobs and substantial overseas earnings?
My Lords, it is difficult to disagree with any single word that the noble Lord, Lord Ezra, said. He is obviously a leading expert in the field. It is gratifying to hear him make a statement like this and be so supportive of the Government’s plans.