Through this, we aim to accelerate the UK’s path to net zero and create lasting economic, environmental and social value for the nation. CCUS will be a significant contributor to that effort and will enable the UK to adapt its existing gas generation assets to provide secure electricity in the short-term, as it seeks to develop more renewable sources of energy.Īs managers of the seabed around England, Wales and Northern Ireland, The Crown Estate is responsible for granting leases for offshore pipeline transportation, seabed and subsurface rights to developers for CO2 storage. The UK’s net zero transition will require an energy mix that is cleaner, more diverse, and not reliant on a single source of fuel or technology. The Crown Estate is working to identify and create a CO2 storage pipeline that delivers the Sixth Carbon Budget (CB6) targets, meet market expectations, and the government’s target to have four active stores by 2030. What is CCUS (Carbon Capture, Usage and Storage)? Carbon Capture, Usage and Storage (CCUS) is a rapidly evolving technology which can substantially reduce carbon dioxide emissions from the global economy at an industrial scale.ĬCUS will play a key role in meeting the UK’s net zero carbon emissions target by 2050, supporting hard to abate generation and heavy industries to remove emissions from the atmosphere.
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