right partners , we can harness the power of a highly skilled workforce that can help Britain lead the way on CCUS and become part of a legacy that will last for generations to come . No one country has captured the CCUS market yet , but Britain has one unrivalled asset – the North Sea , which can be used to store captured carbon under the seabed .
Q . WHAT IS THE GLOBAL PICTURE ?
» Industries around the world are also experimenting and trialling various forms of CCUS . There is international recognition that we need CCUS to meet the global climate ambitions agreed through the Paris Agreement in 2015 . This provides a genuine opportunity for the UK to become a global technology leader for CCUS , working internationally with industry and governments to drive down the cost of deployment . The development of CO2 transport and storage networks for industrial CCUS hubs can reduce unit costs through economies of scale and facilitate investment in CO2 capture facilities . There are also significant opportunities to deploy CCUS in industry , not only to reduce emissions but to improve productivity and the competitiveness of our industrial heartlands . Seizing the opportunities of CCUS will be no easy task and will require talented people from across the country to work together . There can be no doubt that the low-cost , large-scale deployment of CCUS will require partnerships between government , businesses , innovators , the best scientific and engineering minds , communities , and centres of industrial excellence . However , the actions by the UK alone will not be sufficient to avoid climate change . This is a global challenge , and the time to innovate is now . energydigital . com 23