Thursday, April 26, 2012

UK announces £60 million CCS development funds for emerging markets

The Carbon Capture, Use and Storage (CCUS) Action Group recommended that $200 million to be allocated internationally to accelerate the deployment of CCS in the near term.

The CCUS Action Group brings together governments, businesses, and organizations to make recommendations to energy ministers at Clean Energy Ministerial meetings to create greater political momentum for advancing the deployment of CCS.

Climate Change Minister Greg Barker said: “We recognize that it is important to ensure CCS is deployed in developing as well as developed countries. The funding that the UK has committed today will support the development of new partnerships and capacity building activities in emerging markets.”

The allocated £60 million funds have been drawn....
UK announces £60 million CCS development funds for emerging markets

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