Carbon Capture and Storage North Sea

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Alert results for: Carbon Capture and Storage North Sea

Information between 25th July 2021 - 20th April 2024

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Select Committee Documents
Wednesday 13th September 2023 Written Evidence - Association of British Independent Exploration Companies (BRINDEX) POW0058 - Keeping the power on: our future energy technology mix Keeping the power on: our future energy technology mix - Energy Security and Net Zero Committee Found: investment potential of the North Sea is realised. 2.A framework to make the UK a global hub for carbon

Select Committee Documents

Wednesday 13th September 2023
Written Evidence - Association of British Independent Exploration Companies (BRINDEX)
POW0058 - Keeping the power on: our future energy technology mix

Keeping the power on: our future energy technology mix - Energy Security and Net Zero Committee

Found: investment potential of the North Sea is realised. 2.A framework to make the UK a global hub for carbon

Written Answers
Carbon Capture and Storage: North Sea Asked by: Barry Sheerman (Labour (Co-op) - Huddersfield) Wednesday 9th November 2022 Question to the Department for Business, Energy and Industrial Strategy: To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of developing carbon capture storage facilities in the North Sea. Answered by Graham Stuart The UK has one of the largest offshore carbon dioxide storage potential of any country in the world. It is estimated that the UK Continental Shelf could safely store 78 billion tonnes of CO₂^[1], the equivalent of 200 years of the UK’s annual CO₂ emissions. Unlocking this potential through the development of carbon dioxide transport and storage networks could generate strategic national assets. This market, according to government commissioned analysis, could be worth up to £54 billion by 2050^[2]. ^[1]http://www.eti.co.uk/wp-content/uploads/2016/04/D16-10113ETIS-WP6-Report-Publishable-Summary.pdf ^[2]Energy Innovation Needs Assessment: Carbon capture, utilisation, and storage. (October 2019). Commissioned by the Department for Business, Energy & Industry Strategy and lead by Vivid Economics. Report available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/845655/energy-innovation-needs-assessment-ccus.pdf

Written Answers

Carbon Capture and Storage: North Sea
Asked by: Barry Sheerman (Labour (Co-op) - Huddersfield)
Wednesday 9th November 2022

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of developing carbon capture storage facilities in the North Sea.

Answered by Graham Stuart

The UK has one of the largest offshore carbon dioxide storage potential of any country in the world. It is estimated that the UK Continental Shelf could safely store 78 billion tonnes of CO₂^[1], the equivalent of 200 years of the UK’s annual CO₂ emissions.

Unlocking this potential through the development of carbon dioxide transport and storage networks could generate strategic national assets. This market, according to government commissioned analysis, could be worth up to £54 billion by 2050^[2].

^[1]http://www.eti.co.uk/wp-content/uploads/2016/04/D16-10113ETIS-WP6-Report-Publishable-Summary.pdf

^[2]Energy Innovation Needs Assessment: Carbon capture, utilisation, and storage. (October 2019). Commissioned by the Department for Business, Energy & Industry Strategy and lead by Vivid Economics. Report available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/845655/energy-innovation-needs-assessment-ccus.pdf