Could CCUS in the UK constitute a new source of sustained 'green growth'?

Since we last wrote about 'Making the Macroeconomic Case for CCS' in this journal back in 2016, much has changed in both wider UK climate policy and the approach to CCUS, as well as across the wider economy and political landscape.1 The fundamental need to examine a broader set of costs and benefits from CCUS emerging and accruing across the UK economy in ways that align with HM Treasury’s need to ensure fiscal responsibility as we considered back in 2016 remains. For example, in linking the service role of CCUS in supporting the decarbonisation and/or transition of different activities. However, the conditions and context have changed radically.