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Nearly £22bn Investment in Carbon Capture Set to Create 4,000 Jobs
Major projects in Merseyside and Teesside to boost employment and tackle emissions
Fiona Kyle
October 4, 2024
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The government has announced nearly £22bn of funding for carbon capture and storage projects in Merseyside and Teesside, which is expected to create 4,000 direct jobs and support up to 50,000 more in the long term.

The investment, spread over the next 25 years, is aimed at reducing carbon emissions from energy, industry, and hydrogen production while also helping the UK meet its climate goals. The two "carbon capture clusters" will prevent CO2 from being released into the atmosphere by capturing and storing it deep underground.

Job Creation and Private Investment

The government said the initiative would give industries the confidence to invest in the UK, attracting £8bn of private investment alongside the state funding. According to officials, the new infrastructure will provide opportunities for engineers, technicians, and specialists in emerging green technologies.

Sir Keir Starmer, expected to visit the North West with Chancellor Rachel Reeves and Energy Secretary Ed Miliband, said the projects would “reignite our industrial heartlands” and “kickstart growth.”

Rachel Reeves also highlighted the job-creation potential of the projects, stating: "This game-changing technology will bring 4,000 good jobs and billions of private investment into communities across Merseyside and Teesside, igniting growth in these industrial heartlands and powering up the rest of the country."

Green Technology at the Heart of Future Employment

The new carbon capture and storage facilities are expected to help the UK meet its carbon reduction targets, with plans to remove 8.5 million tonnes of carbon emissions each year. While the projects are set to begin capturing and storing CO2 by 2028, experts like Emma Pinchbeck, CEO of Energy UK, emphasised the long-term importance of such initiatives: "Carbon capture, utilisation and storage is a tool in our armoury of technologies which we need to decarbonise parts of energy that we currently can't do with clean electricity."

Industry Debate Over Green Investment

While the carbon capture clusters are seen as vital by many in the energy sector, some environmental groups have criticised the investment. Greenpeace UK's Doug Parr argued that the money could be better spent on offshore wind or nationwide home insulation. Similarly, Friends of the Earth suggested the focus should be on insulating homes rather than prolonging the fossil fuel industry.

Despite the differing views, the Merseyside and Teesside projects are part of a broader plan to capture and store 20-30 million tonnes of CO2 a year by 2030, contributing to both the UK's environmental and economic goals.

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