UK announces funding for carbon capture projects. This technology makes it possible to offset greenhouse gas emissions by capturing carbon and then burying it and should enable London to achieve its ambitious carbon neutrality targets.
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With our correspondent in London, Émeline Vin
In total, 26 billion euros will be paid to finance three CO2 capture and storage projects in central England. The funds, paid over twenty-five years from 2028, will go to two former strongholds of British industry, the Liverpool region and the Middlesbrough region.
These funds should make it possible to create 4,000 jobs, support 50,000 others and “ revitalize » these regions by making them more attractive for private investment.
A technology contested for its environmental risks
Capture and storage aims to compensate for emissions emitted, among other things, by the generation of gas energy, hydrogen or the combustion of waste, by “ burying » CO2 underground. This is to ultimately achieve carbon neutrality by 2050, according to the objective set by the government.
The technology is contested for its environmental risks, but Secretary of State for Carbon Neutrality Ed Miliband believes it is the best possible investment to decarbonize without deindustrializing.
NGOs like Greenpeace regret that the government does not instead direct these funds to carbon-neutral projects, such as wind power.
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