🚀 Britain is going big on green! 🇬🇧💚 The UK government has announced a massive £21.7 billion ($28.46 billion) investment over the next 25 years to supercharge carbon capture and storage (CCS) and hydrogen technology in northern England.
This bold move is all about hitting that net-zero emissions target by 2050 🌍✨ and creating thousands of jobs along the way. CCS tech isn't just cool science—it’s the key to shrinking emissions from heavy industries while sparking economic growth.
Chancellor of the Exchequer Rachel Reeves hyped up the initiative, saying, \"This game-changing technology will bring 4,000 good jobs and billions of private investment into communities across Merseyside and Teesside, igniting growth in these industrial heartlands and powering up the rest of the country.\" 🎉💼
So what's CCS all about? Think of it as taking the bad stuff (emissions) from factories and burying it underground 🏭📥🌍. It's been a bit pricey in the past, but with this mega funding, the UK is betting big on its future.
The previous government had also promised big bucks (£20 billion) for CCS in 2023 but didn't fully deliver. Now, this new pledge aims to make it happen for real! 🙌
The two northern sites will capture up to 8.5 million tonnes of carbon every year—that's like taking 4 million cars off the road! 🚗🚗🚗🚗🚫
Over in Merseyside, the HyNet North West cluster is gearing up to grab emissions from industries and stash them in old gas fields in the Irish Sea 🌊. Led by Italian energy giant Eni, it's set to decarbonize a major industrial hub.
Eni CEO Claudio Descalzi said, \"HyNet… will decarbonize one of the key energy-intensive industrial districts as well as unlock significant economic growth in this region of the UK.\" 💡🌱
Meanwhile, in Teesside, oil and gas heavyweights Equinor and BP are teaming up to store captured emissions under the North Sea. Talk about making waves in clean energy! 🌊💪
With this massive investment, Britain is not just talking the talk but walking the walk towards a cleaner, greener future. Let's go, UK! 🎉🇬🇧💚
Reference(s):
Britain promises up to 21.7 billion pounds for cleaner energy
cgtn.com
