Carbon capture 'could boost UK economy by £100bn by 2050'

The UK has enough capacity to hold two centuries’ worth of emissions with carbon capture and storage to be worth £100 billion ($120bn) by 2050, a report has said.

The UK has large industrial clusters, extensive gas transport infrastructure and good scientific understanding.

But despite the country being well-placed to become a world leader in the technology, the Offshore Energies UK report said Britain’s supply chain was fragile.

The UK is at risk of losing the industry to more attractive opportunities abroad, and the government must act fast to secure its future, the paper warned.

Read More : https://www.thenationalnews.com/world/uk-news/2022/07/27/carbon-capture-could-boost-uk-economy-by-100bn-by-2050/