Amidst a backdrop of a rapidly increasing focus on the impact of climate change from governments, regulators, investors and the general public, the move to a sustainable net-zero economy has moved to the top of the agenda for both politicians and industry. Good progress has been made in decarbonising power generation, however there has been limited success in reducing emissions from the heating, transport and industrial sectors. To drive change, industry and financiers must start embracing new and disruptive technologies to support the transition to a net zero economy.
Carbon capture, use, and storage (CCUS) is considered to be such a technology, and therefore has the potential to be a critical component of the portfolio of solutions needed to reduce the carbon-intensity of the GB electricity system, in tandem with improved energy efficiency and increased deployment of renewable generation.
In this report we explore the CCUS chain and the role which Commercial Banks can play in enabling CCUS projects through financing.
Download the report now (PDF)