CCUS in the United Kingdom.

Babajide, Nathaniel

Abstract

Carbon capture utilisation and storage (CCUS) remains one of the useful tools for reducing GHGs emissions and decarbonising the economy at national and regional levels. Given its distinctive geological advantage and net-zero investment plans, this chapter examines the CCUS situation in the UK, focusing on important areas, including changing CO2 emission trends alongside key drivers, proposed industrial clusters by 2030, supporting initiatives, regulatory landscape and implementation strategies by the UK government. A glimpse at the current global CCUS market performance and financing options further unveils the major movers/drivers and evolving prospects globally. Whilst the study reveals that the CCUS investment effort in the UK is increasingly gaining momentum, it highlights some of the key intrinsic challenges and emerging opportunities presented by this sector. It additionally reveals a myriad of alternative and emerging financing strategies that can be deployed for financing projects, considering the magnitude of risks and uncertainties associated with CCUS and related investments. In conclusion, the study underscores the critical need for more proactive and strategic action to mitigate those risks and unlock the enormous growth opportunities associated with these technologies acknowledged as "a necessity, not an option" for the UK to meet its net-zero targets.

Citation

BABAJIDE, N. 2025. CCUS in the United Kingdom. In Pereira, E.G., Fossa, A.J. and Muinzer, T.L. (eds.) Carbon capture utilization and storage: law, policy and standardization perspectives. Cham: Palgrave Macmillan [online], chapter 21, pages 535-555. Available from: https://doi.org/10.1007/978-3-031-81272-9_21

• Online Publication Date: Mar 29, 2025
• Publication Date: Mar 30, 2025
• Deposit Date: Mar 28, 2025
• Publicly Available Date: Mar 30, 2026
• Publisher: Palgrave Macmillan
• Peer Reviewed: Peer Reviewed
• Pages: 535-555
• Series Title: Sustainable development goals series
• Series ISSN: 2523-3084; 2523-3092
• Book Title: Carbon capture utilization and storage: law, policy and standardization perspectives
• Chapter Number: 21
• ISBN: 9783031812712; 9783031812743
• DOI: https://doi.org/10.1007/978-3-031-81272-9_21
• Keywords: Carbon capture; Carbon utilisation; Carbon storage; Greenhouse gas emissions; Net zero; United Kingdom
• Public URL: https://rgu-repository.worktribe.com/output/2762119