Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Government opens consultation on biomass carbon capture and storage

by August 12, 2022
August 12, 2022
Government opens consultation on biomass carbon capture and storage

The Government has unveiled a consultation, hoping to attract industry views on how to support the development of biomass powered carbon capture projects in the UK over the next decade.

The combination of biomass energy – derived from sustainable plant material – and carbon capture is known as BECCS (Bioenergy with Carbon Capture and Storage.)

The process generates biomass energy and stores the carbon released in the process through Carbon Capture, Usage and Storage (CCUS) technology.

This offers the potential to produce home-grown energy with “negative emissions” – by removing carbon dioxide (CO2) from the atmosphere.

The CO2 can be absorbed during the growth of the biomass can then be permanently removed from the atmosphere using carbon capture technologies.

The consultation seeks views on how the Government can help attract private investment to accelerate the development of this nascent industry.

It hopes the technology will help bolster domestic energy security, while also supporting new job opportunities across the country including industrial clusters developing carbon capture networks.

This follows £37m in government funding awarded earlier this month to innovative biomass projects across the UK.

It also comes after commitments set out in the Government’s Net Zero Strategy to support the role of Greenhouse Gas Removal technolog.

This including the ambition to remove 5m tonnes of greenhouse gases per year from the atmosphere by the end of the decade .

The consultation will run until October.

The launch of the consultation comes the same day there have been reports that Business Secretary Kwasi Kwarteng has raised concerns over biomass production at the Drax Power Station.

He has argued that importing US-made wood pellets to be burnt for energy by power company Drax is not sustainable and “doesn’t make any sense,” according to The Financial Times.

Kwarteng told MPs that the Government had not fully investigated the sustainability of burning wood pellets, one of the types of biomass.

He said the Department for Business, Energy and Industrial Strategy had discussed biomass with industry but “we haven’t actually questioned some of the premises” of the sustainability of pellets.

The Government has spent millions subsidising the burning of pellets in Drax’s Yorkshire facility over the past decade and the fuel features prominently in the UK’s net zero strategy.

Read more:
Government opens consultation on biomass carbon capture and storage

0
FacebookTwitterGoogle +Pinterest
previous post
Exponential growth on imports from South Africa to the United Kingdom
next post
UK economy shrinks by 0.6 per cent as Britain heads for winter recession

You may also like

Food inflation poised to jump above 4% as...

January 9, 2025

UK businesses missing out on £1,000s of savings...

November 16, 2022

IAG Loyalty partners with Uber helping riders collect...

November 9, 2022

Tax breaks urged to recharge UK’s struggling electric...

April 20, 2023

How to engage with your CSR goals this...

February 5, 2024

Secrets of Success: Branwell Moffat,  Founder and Director...

November 29, 2023

How to Run a Successful Personal Injury Law...

May 9, 2024

How do you scale a business? Unlock potential...

May 23, 2024

Prime Minister splits up the business department merging...

February 7, 2023

Investigating the Tactics Used by De Hek and...

December 23, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump appointee Barrett challenges administration on nationwide injunctions, surprises and delights liberals

      May 16, 2025
    • Senators sound off as Supreme Court hears case on nationwide injunctions

      May 16, 2025
    • Israel turns tables on UN official claiming ‘genocide’ in Gaza with basic questions

      May 16, 2025
    • Handful of Republicans sink Trump’s ‘big, beautiful bill’ in key House committee

      May 16, 2025
    • SPY and QQQ Recapture their 200-day SMAs – Tips for Reducing Whipsaws and Improving Performance

      May 16, 2025
    • Applying Dow Theory to Today’s Market: Are We in a Reversal or a New Trend?

      May 16, 2025

    Categories

    • Business (7,974)
    • Investing (1,965)
    • Politics (15,253)
    • Stocks (3,087)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved