IHS Chemical Week

People & Business :: Green Issues

U.K. Allocates $97 Million to CCS in Emerging Markets

9:32 AM MDT | April 25, 2012 | Alex Scott

The U.K. government plans to invest £60 million ($97 million) to support the development of carbon capture and storage (CCS) technologies in emerging markets. The move follows a recommendation by the Carbon Capture Use and Storage (CCUS) Action Group, a group comprised of representatives from government and industry, which had recommended that $200 million should be allocated to assist with the introduction of CCS in developing countries. "I am very pleased to see the U.K. joining other developed nations in making a significant contribution to support...

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