Capturing the carbon opportunity: Making carbon capture and storage a reality for UK businesses
Policy@Manchester are delighted to launch a new report in collaboration with the CBI.
‘Capturing the Carbon Opportunity’ draws on expert research from The University of Manchester academics on carbon capture and storage (CCS) and combines this insight with findings from interviews with businesses and industry leaders throughout the CCS supply chain.
Achieving net zero greenhouse gas emissions by 2050 across the UK is a task that increases in urgency with each passing year. It is an ambitious target, but one that is achievable provided policymakers, businesses, academics and other relevant actors work together and consider the full range of approaches available.
Notable progress has been made in the last decade. The legislation of a net zero target has marked a step change in the way we view emissions reduction and the role of business in achieving this. At COP26 we saw, for the first time, government, business and civil society come together to mark this turning point. Recent years have also seen considerable innovation in decarbonisation technologies. Global industries such as carbon capture and storage (CCS) have scaled up to create jobs and new opportunities for businesses to innovate and grow. However, there is more work to be done.
The report highlights opportunities, barriers and challenges of CCS adoption. Using feedback from interviews with businesses from aviation to manufacturing, alongside academic research, the report makes evidence based policy recommendations to progress the future success of CCS, and secure its place as an integral part of a sustainable, low carbon future.
The report can be viewed online here.
Please share via your networks. For further information on this report please contact Policy@Manchester.