New analysis by Element Energy supported the Zero Carbon Humber RoadmapNovember 5, 2019
A new report providing the most detailed assessment yet of how the UK can develop the world’s first zero carbon industrial cluster has been published on the Zero Carbon Humber website.
The proposals published by the Zero Carbon Humber campaign, led by multinational energy firms Drax Group, Equinor and National Grid Ventures, could help protect 55,000 jobs and deliver the biggest contribution to the UK’s climate goals of any industrial region.
Capture for Growth: Creating the world’s first zero carbon economy sets out how the region could deliver the government’s world-leading ambition to establish the first ‘net zero’ carbon industrial cluster in the UK by 2040, helping the Humber to compete on the world stage by attracting new investment, industries and employment.
The proposals are supported by new analysis by Element Energy, which finds that if the world’s first net zero carbon industrial cluster is developed in the Humber region, 53 million tonnes of CO2 a year could be captured – that’s around 15% of the UK’s current annual CO2 emissions. They would also help save industrial businesses in the region carbon taxes of up to £27.5bn by 2040 helping to protect jobs and competitiveness.
An Executive Summary based on modelling work conducted by Element Energy for the Zero Carbon Humber Consortium has been published. The study assessed the Zero Carbon Humber Consortium’s investment plans in the Yorkshire and Humber region, as well as potential hydrogen and CCUS users, the likelihood of adoption, the potential roll-out schedule and a detailed economic impact assessment has been carried out.
For more information on Element Energy’s studies please contact Emrah Durusut (CCUS and Industrial Decarbonisation team lead).This entry was posted in Uncategorized. Bookmark the permalink.