Carbon Capture and Storage: Finance

(asked on 15th March 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, with reference to paragraph 3.88 of the Spring Budget, HC 1183, published on 15 March 2023, what proportion of the funding for early deployment of Carbon Capture, Usage and Storage will be classified as research and development.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 20th March 2023

The funding announced in the budget is targeted towards supporting early deployment of Carbon Capture, Usage and Storage. Although some of this may be classified as research and development funding, the Government is not earmarking funding for this purpose.

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