The report highlights the importance of carbon capture and storage (CCS) technology in addressing climate change. The technology enables fossil fuel producers to reduce or offset carbon emissions, and it is necessary for achieving net zero. The scale of investment required for CCS ranges from large to huge, and it cannot be achieved through the use of renewable energy sources alone. Achieving carbon neutrality will require new infrastructure to be built, and it must be a partnership between government and business. The government will need to lead on infrastructure development and offer long-term contracts to encourage investment in carbon-capture plants. The report also mentions the government's funding for the Sizewell C nuclear power station, which will develop technology to remove CO2 directly from the atmosphere once the plant is up and running. Overall, the report emphasizes the crucial role of CCS in tackling climate change and the need for increased investment in this technology.
