UK's first ever carbon storage licensing round opens to bids
Bids are now being accepted for the UK’s first ever carbon storage licensing round with 13 areas up for grabs.
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Bids are now being accepted for the UK’s first ever carbon storage licensing round with 13 areas up for grabs.
It is expected that any new licenses will be awarded in early 2023.
Thirteen new undersea locations have been identified for storing industrial greenhouse emissions.
The North Sea Transition Authority (NSTA) has launched the UK’s first-ever carbon storage licensing round with 13 areas of exciting potential available. The new carbon storage areas, alongside the six licences which have been issued previously, could have the ability to make a significant contribution towards the aim of storing 20-30 million tonnes of carbon dioxide (CO2) by 2030.
The NSTA has launched this carbon storage licensing round in response to unprecedented levels of interest from companies eager to enter the market.