In this report, we explore the key findings from important new research undertaken by the Centre for Energy Policy at the University of Strathclyde. The analysis examines the wider economy effects of differing types of policy choices and economic conditions for the delivery of industrial carbon capture and the transport and storage sector needed to service it (CCS). We use the UK as an example but draw important lessons for other nations where carbon capture and/or provision ofCO2 transport and storage services may be considered as decarbonisation and/or industrial transition solutions. Considering a broad range of scenarios, our analysis provides useful insight into the trade-offs and consequences of different broad policy approaches and allows exploration of potential impacts on the wider economy and specific sectors therein of introducing CCS solutions.
- CO2 transport and storage industry
- Net Zero infrastructure
- energy industry
- carbon capture
- renewable energy