UK CCUS & Hydrogen Decarbonisation Summit 2024

The energy sector has changed dramatically since the coronavirus; and Russia’s invasion of Ukraine in February 2022 fuelled an energy crisis and stoked concerns over future energy security.

The UK Government responded with the Ten Point Plan, which sets out they will take to build back better, support green jobs, and accelerate our path to net zero. Following this, in March 2023 the UK Government have announced £20 billion funding over the next 20 years for CCUS projects in the UK as well as the Net Zero Hydrogen Fund (NZHF) and the Hydrogen Business Model (HBM) will provide £240 million in grant funding to be used towards the upfront costs of development and capital expenditures.

This was dually needed given the USA’s Inflation Reduction Act (IRA) announcement and the European Commission’s Green Deal Industrial Plan announcement. The UK government understood the need to attract investment into the UK rather than overseas to ensure their climate change targets are achieved, and to provide energy security.

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• North America CCUS & Hydrogen Decarbonisation Summit: Projects & Innovation

  16 - 17 April 2024