Page 8 - Stuart Payne News Today

North Sea Transition Authority hails 'huge net zero boost' as it awards first round of carbon storage licenses to a dozen firms

The drive to net zero emissions has taken a significant step forward today (18 May) with the offer of awards for 20 carbon storage licences at offshore sites, including some near Aberdeen, Teesside, Liverpool and Lincolnshire. The North Sea Transition Authority (NSTA) launched the UK’s first-ever carbon storage licensing round in June 2022, with applications closing in September.

The underground sites equate to an area slightly larger than Yorkshire.

The North Sea Transition Authority (NSTA) launched the UK’s first-ever carbon storage licensing round in June 2022, with applications closing in September. The 20 licenses in total are around 12,000 square kilometers in size, a little bigger than Yorkshire, the UK’s largest county.

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LARGE parts of the North Sea bed have been identified for offshore carbon storage, with 20 sites awarded licences.

The underground sites equate to an area slightly larger than Yorkshire.

North Sea operators plan to progress 22 projects in the coming years, according to the North Sea Transition Authority.

Major North Sea energy operators have met to discuss future opportunities and get clear messages on energy security, driving down emissions, and the importance of accelerating the transition at an annual meeting organized by the North Sea Transition Authority.

New powers for regulator will help develop the most comprehensive picture yet of the UK’s carbon capture and storage potential. A ‘treasure map’ of what lies beneath the North Sea will be created to help the UK become a world leader in carbon capture and storage.