Companies awarded 20 licenses to develop carbon storage sites under UK seabed
North Sea Transition Authority hails 'huge net zero boost' as it awards first round of carbon storage licenses to a dozen firms
Stay updated with breaking news from Stuart Payne. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
Tories unseated after tight race