Government has established the CCUS Cost Challenge Taskforce to provide advice on the steps needed to reduce the cost of deploying carbon capture, usage and storage (CCUS) in the UK. The Taskforce is expected to deliver its plan to government in summer 2018.
Role of the group
The purpose of the CCUS Cost Challenge Taskforce is to inform and propose a strategic plan for supporting the development of CCUS in the UK, in order to meet government’s stated ambition of having the option to deploy CCUS at scale during the 2030s, subject to costs coming down sufficiently.
The work of the Taskforce will inform the CCUS Deployment Pathway that the government has committed to publish by the end of 2018. This pathway will identify the steps that government believes need to be taken in order to meet the ambition for the 2030s. In addition, the Taskforce’s recommendations will inform the review of CCUS delivery and investment frameworks.
To achieve this, the Taskforce is structured into 4 workstreams to address specific challenges:
- value of CCUS and deployment pathway options
- finance, legal and risk
- project delivery and business models
- innovation and new technologies
The CCUS Cost Challenge Task Force presented a report to government in July 2018, setting out the industry’s view on how best to progress CCUS in the UK in order to enable the UK to have the option of deploying CCUS at scale during the 2030s, subject to costs coming down sufficiently:
The Taskforce is chaired by Charlotte Morgan, a Partner in the Global Energy & Infrastructure Group at Linklaters. The Taskforce brings together stakeholders and expertise from industry, academia, NGOs, and international organisations.