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Market
Which UK region will see the highest job growth from CCS investment by 2030?
2
Resolution / Starting Odds
Teesside • 25%
Merseyside • 25%
North-west UK • 25%
North-east UK • 25%
UK regional labor statistics
Story
UK Pledges £22 Billion Over 25 Years for Carbon Capture, Creating 4,000 Jobs
Oct 4, 2024, 07:00 AM
The UK government has pledged nearly £22 billion in funding over the next 25 years to develop carbon capture and storage (CCS) projects, aiming to accelerate progress towards net zero emissions and position the country as a clean energy superpower. The investment will support projects in Teesside and Merseyside, specifically the HyNet cluster in the north-west and the East Coast Cluster in the north-east, creating around 4,000 new jobs and revitalizing Britain's industrial heartlands. Initial projects include three blue hydrogen plants, two waste incinerators, two industrial sites producing cement and lime, and an 860MW gas power plant equipped with CCS technology. The funding is expected to unlock £8 billion in private investment and establish the UK as a leader in carbon capture technology.
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Scotland • 25%
Wales • 25%
Northern England • 25%
Southern England • 25%
Teesside • 25%
Merseyside • 25%
North Wales • 25%
Other • 25%
Teesside • 25%
Merseyside • 25%
Liverpool City Region • 25%
Another region • 25%
England • 25%
Scotland • 25%
Wales • 25%
Northern Ireland • 25%
North West, North East, and Yorkshire and Humber • 25%
East Midlands and West Midlands • 25%
East of England • 25%
South East, South West, and London • 25%
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AI • 25%
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BP • 25%
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Asia-Pacific • 25%
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