(8 months, 3 weeks ago)
Commons Chamberindicated assent.
(4 years, 8 months ago)
Commons ChamberI thank my hon. Friend for that question; I know how passionately he cares about the issue. I agree that the seas around the UK offer huge opportunities for cutting emissions and growing our economy. The offshore wind projects near his constituency offer an excellent example of UK leadership in renewable power. We are determined to drive growth in all parts of the UK and ensure that our assessment of projects takes full account not just of carbon savings, but of the growth and opportunities that they can provide for people across the country.
The Net Zero Teesside project aims to decarbonise the Teesside industrial cluster by as early as 2030, capturing up to 6 million tonnes of carbon dioxide annually. The project could support up to 5,500 direct jobs, and it could help to safeguard as many as 16,000 existing jobs in the Tees valley. The UK has a unique chance to lead global development of a new carbon capture, utilisation and storage industry. Will the Government prioritise this technology?
My hon. Friend, who I know cares passionately about this issue, makes a really good point; CCUS will be vital to meeting our net zero target and revitalising the UK’s industrial areas. The Government have invested over £50 million in CCUS innovation, and recently we consulted on potential business models to help progress deployment. The CCUS action plan aims to enable the commissioning of the first facility in the UK in the mid-2020s. We committed in our manifesto to investing £800 million towards that, and £500 million to help energy-intensive industries move to low-carbon techniques.