The cancellation of the UK CCS competition for funding a full scale project with £1 billion is a huge setback for CCS in Europe.
This is a recipe on how industry and climate policy should not be executed. For the two potential CCS projects Peterhead and White Rose, and the industry and people involved, the cancellation probably means a burial of all plans.
It gives itself that industry needs predictable, long term framework to be able to invest in climate technologies like CCS. To withdraw such a long and expensive process as the CCS competition has been, creates a shock wave that will make it even harder to develop CCS projects further.
This shows just how unsuccessful politicians have been in the development of CCS in Europe. UK has made the same mistake as Norway and the EU, namely to not set requirements for CCS on fossil industry.
It has been a decade of endless political processes with promised aid that has not been completed, while deadlines have been pushed time after time.
Fossil industry is the cause of the climate problem. CCS is a fully available technology to reduce emissions from large fossil point sources.
The only way to really implement CCS is for the politicians to stop fiddling and “sewing cushions under the arms of the fossil industry” and introduce measures that work, like putting CCS as a requirement for all large emitters.
A milestone for the industry will be the point when facilities are constructed and operated without any government subsidies. In the meantime we cannot have more of this devastating bad policy and waste of time.
Now the pressure is on Norway once again on delivering on the Government climate goal on realizing at least one full scale CCS project.