Sir Keir Starmer has unveiled a plan to inject £22 billion into projects aimed at capturing and storing carbon emissions to create 4,000 jobs and boost growth in industrial heartlands. This initiative includes the development of two “carbon capture clusters” in Merseyside and Teesside over the next 25 years, with the goal of supporting an additional 50,000 jobs in the long run.
The investment in carbon capture and storage (CCS) technology is seen as crucial in the fight against climate change by organizations like the International Energy Agency (IEA) and the Climate Change Committee. This technology captures emissions from energy production and industrial processes and stores them permanently underground, helping to reduce greenhouse gas emissions.
While CCS has been championed as a solution for many years, progress in the UK has been slow. The funding announced by Sir Keir Starmer focuses on supporting projects in Teesside and Merseyside that will capture carbon from hydrogen, gas power, and energy from waste. This investment aims to remove 8.5 million tonnes of carbon emissions annually starting from 2028.
The move towards investing in CCS technology has been welcomed by businesses and independent advisers, who see it as a positive step towards reducing carbon emissions and promoting sustainable energy practices. However, some environmentalists have criticized the reliance on hydrogen from gas, warning that it could perpetuate dependence on fossil fuels.
The commitment to developing CCS technology is part of Labour’s broader strategy to revitalize industrial heartlands and create jobs in regions that have historically been neglected. By investing in cutting-edge technology and sustainable practices, the government aims to kickstart economic growth and repair the country’s industrial infrastructure.
In contrast, the Conservative Party’s track record on CCS has been criticized for its slow progress and lack of commitment to the technology. Labour has pointed out that previous Conservative governments canceled key CCS projects, undermining industry confidence in the UK’s dedication to sustainable energy solutions.
Overall, Sir Keir Starmer’s plan to invest in carbon capture and storage technology represents a significant step towards combating climate change, creating jobs, and revitalizing industrial areas. By prioritizing sustainable practices and long-term investment, the government aims to build a greener and more prosperous future for the country.