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National Grid calls for carbon capture project funding by next year

National Grid has backed the Government’s bid to reignite the carbon capture industry with a call to fast-track funding for new projects to as soon as next year.
Ministers have already pledged ?100m to research technology which can help strip carbon dioxide out of industrial emissions, but the FTSE 100 energy system operator said funding for specific projects should emerge in 2019.
The Government is currently developing new plans to help fund carbon capture projects in the same way it has helped support the roll out of renewable power projects, but it is not expected to reveal the new investment mechanism until next year.
National Grid made its call for fast-tracked carbon capture funding in a new report which found that “action is needed now” to develop the low-carbon gas sources which are needed to keep to climate change targets.
The group has called for pilot projects to be identified in order to begin undertaking full studies by the early 2020s and be operational by the mid-2020s.
A full-scale CCS value-chain - C02 storage
"We acknowledge that the future is uncertain and these timelines are an attempt to indicate how the future could play out," a spokeswoman for National Grid said.
Ministers revived the UK’s carbon capture, utilisation and storage (CCUS) ambitions late last year after its billion-pound funding competition to fit two coal power plants with the technology collapsed two years ago.
The new scheme will focus on helping to cut harmful greenhouse gas emissions from heavy industry and heating which will continue to use carbon-rich methane for decades, according to National Grid.
By using CCUS, the UK could use methane to produce low-carbon hydrogen to heat homes and factories, which emit almost half of total greenhouse gas emissions in the UK.
Leeds City Council has already taken steps to convert the gas grid to run on hydrogen, rather than gas and similar plans are afoot to create a “hydrogen cluster” in Manchester and Liverpool.
National Grid calls for carbon capture project funding by next year

Government funding for specific carbon capture projects should emerge early next year, according to National Grid

Credit:
National Grid
“Gas will be a major part of the solution to decarbonising heat and transport, improving air quality, supporting a strong UK economy, and delivering security of energy supply... Through all of our analysis we are yet to identify a credible scenario that meets the 2050 carbon targets without gas,” said the report.
It added that “action is needed now to remove the policy gaps and barriers to decarbonising gas to ensure that the gas market and networks evolve in the most effective way.”
Luke Warren, the chief executive of the Carbon Capture & Storage Association, said that since the publication of the Government’s clean growth strategy in October, there has been “a sense of renewed momentum” within the industry.
“We strongly support National Grid’s recommendation that the first CCUS projects must be in operation in the 2020s. Industry and Government must now work together to deliver a CCUS Deployment Pathway that enables the UK to benefit from this critical technology,” he said.
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