LONDON -- Britain’s government has explained how it plans to license storage of carbon dioxide (C02) under the sea bed.
Developers, industry bodies, and other parties provided opinions about the structure of the proposed licensing system. One suggestion involved issuing a license to cover all phases of these types of developments.
Charles Hendry, minister of state for Energy said: “Carbon capture and storage is essential for mitigating climate change while maintaining energy security. There is enough potential under the North Sea to store more than 100 years worth of carbon dioxide emissions from the UK’s power fleet and we need to make the most of that.
“I am pleased that investors and experts who will take this exciting and crucial technology forward are happy with our approach, and that we can take our next steps without delay.”
DECC now plans to submit the regulations to the UK Parliament in order to comply with European rules on underground storage of carbon dioxide. These are due to come into effect on Oct. 1.
The regulations will apply in all offshore areas within UK jurisdiction, except Scottish territorial waters, for which the Scottish government is drawing up separate regulations.
UK plans for subsea C02 storage
Britain’s government has explained how it plans to license storage of carbon dioxide (C02) under the sea bed.