Businesses behind carbon capture and storage plans for the Humber have welcomed Budget backing for the Net Zero solution, calling on greater detail to emerge quickly.
A £20 billion investment pledge had been outlined ahead of today’s Westminster announcement, with Chancellor Jeremy Hunt also making it a central plank of his hour-long speech at the despatch box. Now firm timelines are sought on when key elements will emerge and individual projects will be supported to move to construction. It is understood it could come later this month.
The Humber Energy Board, a public-private partnership forged to provide a single voice for the vital sector, had already urged the Government to make the Humber the flag bearer for Net Zero decarbonisation in a pre-Budget call, with SSE also pushing hard with a call to supercharge the low carbon technology roll-out. Amid both came the launch of the Humber Industrial Cluster Plan, again stating urgency and certainty was needed.
