Asked by: Lisa Cameron (Conservative - East Kilbride, Strathaven and Lesmahagow)
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, whether the Government is taking steps to ensure measurement traceability for (a) fiscal and (b) financial transactions for the (i) Carbon Capture, Utilisation and Storage and (ii) hydrogen sectors.
Answered by Graham Stuart
The Government is progressing business models to incentivise the application of CCUS and low carbon hydrogen at pace. A series of publications since December 2020 have provided updates on the development of the CCUS and hydrogen production business models. The Department, in consultation with technical advisors and stakeholders, is developing the fiscal metering requirements needed to meet the commercial needs of the various CCUS and hydrogen production business models and ensure traceability for environmental monitoring purposes. Outcomes of this will be stipulated in future publications.