UK Climate Change Minister Greg Barker yesterday promised up to £60 million to support the rollout of carbon capture and storage (CCS) in the developing world.
The announcement was made at the Clean Energy Ministerial (CEM) summit being held in London this week.
The commitment is the UK’s contribution to the Carbon Capture, Use and Storage (CCUS) Action Group’s recommended $200 million needed internationally to support the deployment of CCS.
The contribution is being drawn from the UK government’s existing International Climate Finance fund, which is due to provide £2.9 billion between April 2011 and March 2015.
“We recognise that it is important to ensure CCS is deployed in developing as well as developed countries,” said Barker. “The funding that the UK has committed today will support the development of new partnerships and capacity building activities in emerging markets.”
The CCUS brings together governments, businesses, and organisations to make recommendations to energy ministers at CEM meetings on the advancement of CCS.
Article source: http://www.energyefficiencynews.com/i/5052/