🌍✨ Carbon capture industry faces tough future, as UK raids green spending
Why we’re watching: The UK government warned the Carbon Capture and Storage Association’s (CCSA) annual conference on Tuesday that the fledgling industry should prepare to receive less financial support from taxpayers in the future.
As the left-wing Labour government, under its new leader Andy Burnham, seeks to boost military spending in line with NATO allies, it is reportedly looking to cut funding for emissions-reduction projects, with subsidies for carbon capture and heat pumps amon… 💚
Martin McCluskey, a junior minister in the UK’s Department for Energy and Net Zero (DESNZ), told the CCSA conference in Westminster that, while the government supports the industry, “it is no secret that we are operating in a challenging fiscal environm…
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🔭 What to watch next
- 📌 Key signal: The UK government warned the Carbon Capture and Storage Association’s (CCSA) annual conference on Tuesday that the fledgling industry should prepare to…
- ✅ Watch for measurable follow-through, not just announcements.
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Reporting curated for GreenTV. Original reporting via Climate Home News.