Written question asked by Lord Whitehead (Labour) on Monday, 3 July 2023, in the House of Commons. It was due for an answer on Thursday, 6 July 2023 (named day). It was answered by Graham Stuart (Conservative) on Thursday, 6 July 2023 on behalf of the Department for Energy Security and Net Zero.

Carbon Capture and Storage

Question: To ask the Secretary of State for Energy Security and Net Zero, if he will make a comparative assessment of the Government making (a) fixed payments to operators of Bioenergy with carbon capture and storage based on how much CO2 is removed from the atmosphere and (b) through using carbon pricing in helping to incentivise carbon capture and storage by Bioenergy producers.

Answer: The Government assessed and consulted in August 2022 on options for the business model to deploy power Bioenergy Carbon Capture and Storage (‘BECCS’). A response was published in March 2023. The preferred approach for the business model was confirmed as being the ‘Dual CfD’, consisting of a ‘CfDe’ which values the electricity generated and a ‘CfDc’ which values the carbon stored and associated negative emissions. The UK ETS Authority has announced its intention to include engineered removals in the UK ETS, to incentivise investment and support deployment of these technologies. These technologies could include those within scope of the power BECCS business model. The Authority aims to carry out a further consultation in 2023.

Secondary information

Type: Written question
Reference: 191986
Session: 2022-23
Subjects: Carbon dioxide Biofuels Carbon capture and storage Payments Prices Production
Link: View this Written question on www.parliament.uk