Tag: Press Release

  • PRESS RELEASE : UK statements at the World Trade Organization General Council [December 2023]

    PRESS RELEASE : UK statements at the World Trade Organization General Council [December 2023]

    The press release issued by the Foreign Office on 20 December 2023.

    The UK’s Permanent Representative to the WTO and UN in Geneva, Simon Manley, spoke on a number of issues at the WTO General Council (17-19 December 2023).

    Item 16: The contribution of the Multilateral Trading System to Sustainable and Resilient Agriculture and Food Systems – Statement by the Cairns Group (GC/261)

    Thank you to the Cairns Group for their statement. As the Organisation for Economic Co-operation and Development (OECD) said, agricultural markets are facing a triple challenge providing adequate, affordable, safe, nutritious food for a growing global population.

    Providing livelihoods all along the food value chain, and at the same time, increasing the sustainability of the agricultural sector.

    We all need to be thinking about how we align our work across different WTO fora, and wider international fora, and have a serious conversation about sustainability and resilient food systems.

    We also really welcome the statement out of COP28: the declaration on sustainable agriculture, food system, and climate action.

    This calls for exactly the strengthening of the rules-based multilateral trading system, with this organisation, with its fantastic leadership, at its very core.

    A multifaceted problem requires a multifaceted solution. And that includes elements highlighted in this Cairns Group declaration, including progressing agricultural reform, to promote fair, rules-based, market-orientated, agricultural trade.

    Key to that effort is repurposing the way in which public support is directed towards agriculture to improve the activity, the resilience and sustainability of agricultural practices and systems.

    So it is absolutely right that we have a serious conversation about sustainability, about resilience of our food systems, here in this organisation, as part of a wider conversation we need to have, urgently, about how we use this organisation, and the trading system, to support the transition to net zero and save our planet.

    Item 18: Information on Investment Facilitation for Development (IFD) – Request from Chile and Korea

    Thank you Chair.

    We rightly talk a lot about the importance of this organisation in development. It is great to hear the reaction to the fabulous work being led by the brilliant co-facilitators.

    This is a significant new agreement that we genuinely hope is going to turbo-charge sustainable development, so as to equip developing and Least Developed Countries (LDC) Members to address the global poli-crisis.

    As we all know, this IFD is the largest with 116 participants (over two thirds of the Membership of this organisation.)

    The agreement shows for us that this organisation can deliver for global trade, and for development, and we can address these current economic challenges.

    Facilitating investment flows, is, as we all know, a key driver of economic growth, productivity and development.

    We think it is going to provide significant economic benefits for Members, in particular for developing countries, by removing barriers to investment and reducing transaction costs.

    It is predicted to increase global welfare by almost 2 per cent, boost cross-border investment – absolutely key to closing the US$4 trillion funding gap in the SDGs so we look forward to the successful incorporation in the WTO in due course and to celebrating this achievement at MC13, where Members from over two thirds of the organisation will join together to mark our shared ambition of driving sustainable global development.

  • PRESS RELEASE : Attorney General seeks criminal damage clarity from Court of Appeal [December 2023]

    PRESS RELEASE : Attorney General seeks criminal damage clarity from Court of Appeal [December 2023]

    The press release issued by the Attorney General’s Office on 20 December 2023.

    The Court of Appeal has been asked to provide clarity on when a particular defence to criminal damage is available for use by protesters, the Attorney General has announced today.

    Attorney General Rt Hon Victoria Prentis KC MP has asked the Court’s Criminal Division to consider whether claims that protesters honestly believed organisations affected by their stunts would have consented to the damage – if they had known more about the impact of climate change – can be a defence in court.

    This argument has been used by environmental campaign groups in the last year, resulting in acquittals for criminal damage.

    The Attorney General has asked the Court to provide some clarity on the law as guidance for future cases.

    Attorney General Rt Hon Victoria Prentis KC MP said:

    I have made this reference as it is important that the law is clear and fairly applied. I look forward to the Court of Appeal considering this issue, and would like to emphasise that regardless of the outcome of this reference, it cannot affect those who have been acquitted through the usual trial process.

    It will now be for the independent Court of Appeal to consider any submissions made.

  • PRESS RELEASE : UK statement – World Trade Organization General Council [December 2023]

    PRESS RELEASE : UK statement – World Trade Organization General Council [December 2023]

    The press release issued by the Foreign Office on 20 December 2023.

    The UK’s Permanent Representative to the WTO and UN in Geneva, Simon Manley, delivered a statement on Ministerial Conferences at the WTO General Council (17-19 December 2023).

    Item 3: Follow-up to outcomes of Ministerial Conferences

    Thank you first for your thanks for our contribution to the Fish fund, and ratification of the agreement.

    On reform, let me welcome the efforts of the Secretariat and all the efforts that we, the Members have put into institutional reform.

    As you know, the UK (and 55 Members) presented a paper to this Committee on this very important issue. We talk about showing progress. Since MC12, we can be proud of the work we have done as an organisation, and it shows how much we can achieve if we just get on with it.

    Look at the work of the Council for Trade in Goods (CTG); just one example, 120 reforms across that Committee. At the heart of that, ensuring that we build trust, and that we ensure even the very smallest delegation here can engage in our work in a way that is constructive.

    On the pandemic response and TRIPs we have done some really important work on the pandemic response, following on the statement from MC12, which obviously needs to continue.

    On TRIPS it is clear that the reality, despite all the discussions we have had, there is no consensus amongst Members on whether or not the extension on therapeutics and diagnostics is genuinely required. It is also true that the MC12 decision, which we spent so much time elaborating, has not been used.

    So we need to think carefully about extending the value of something that does not appear to help all that much as we had hoped on the ground. So, without understanding the consequences of extending that decision we risk compromising the very international IP system that we have worked so effectively to develop, and has been, in our view, so useful to us in that pandemic response.

    In our view, we need to build on the TRIPS Agreement. To build on the way it works, not undermine it, and we need to broaden the conversation on the longer-term initiative to increase access to medicines as we are hoping to achieve, with our paper on voluntary licensing and technology transfers. We recognise that voluntary licences are not a silver bullet, as is clear in the Annexes to our papers, but there are clear examples of their successful use. We are really pleased with the response to the paper, and we want to thank each and every Member who has engaged with us on it. And we want to encourage all of us to share our experiences and we look forward to further engagement in this area in the New Year.

  • PRESS RELEASE : Global Refugee Forum 2023 – UK statement [December 2023]

    PRESS RELEASE : Global Refugee Forum 2023 – UK statement [December 2023]

    The press release issued by the Foreign Office on 20 December 2023.

    The UK’s Permanent Representative to the WTO and UN in Geneva, Simon Manley, delivered the United Kingdom’s statement on 14 December 2023 at the Global Refugee Forum.

    High Commissioner. Excellencies. Ladies and gentlemen.

    We are living in a time of unprecedented international challenges, with global displacement at extraordinary levels and rising.

    In recent years, we have seen countries rally around to support the growing number of refugees around the world. Conflict, pandemics, and climate change have had an enduring impact on us.

    But as the challenges increase, so must our efforts.

    I want to acknowledge the continued generosity and leadership of host nations and communities. You all play a vital role in providing sanctuary to forcibly displaced people.

    Without your leadership, they would be forced to go on dangerous journeys, risking their lives and exploitation from the most vicious people traffickers.

    We emphatically believe the Global Compact on Refugees is the best strategy to support refugees and their host communities.

    It plays a fundamental part in ensuring the international protection regime is fit for the 21st century. And that it protects the most vulnerable in our communities, including women and girls, the LGBT+ community and those with disabilities.

    Since 2015, the UK has provided international protection to over half a million people.

    Globally, we are among the top five donors to refugee responses. But we know that is not enough. We need to do more, much more.

    The UK has fulfilled each of the pledges that we made back here in 2019. Today, we are going further and making 15 pledges to tackle a whole range of issues such as:

    • Improving access to education;
    • Tackling gender-based violence;
    • Supporting the Rohingya and their host communities;
    • Harnessing Artificial Intelligence to predict and prevent conflicts and crises;
    • Building resilience of refugee and host communities to climate impacts;
    • and providing sustained support to refugees who settle in the UK.

    Thank you.

  • PRESS RELEASE : FCDO Chief Economist reaffirms UK support for Timor-Leste’s ASEAN Accession [December 2023]

    PRESS RELEASE : FCDO Chief Economist reaffirms UK support for Timor-Leste’s ASEAN Accession [December 2023]

    The press release issued by the Foreign Office on 20 December 2023.

    The UK’s Foreign Commonwealth and Development Office Chief Economist, Professor Adnan Khan, visited Timor-Leste on 14 and 15 December 2023 to enhance bilateral collaboration on economic development.

    The visit comes just two months after FCDO Minister for the Indo-Pacific, Anne-Marie Trevelyan, visited Timor-Leste and became the first UK minister to visit since the country gained independence in 2002.

    During his visit, Professor Khan met with the Central Bank Governor Helder Lopes to discuss how the UK can support the development of Timor-Leste’s financial services sector through the ASEAN Economic Integration Programme (AEIP), which launched earlier this year. He also met with Minister for Trade and Industry Filipus Nino Pereira and launched a flagship UK-funded project supporting Timor-Leste’s accession into the ASEAN Economic Community (AEC).

    The project will help Timor-Leste develop a nationwide certificate of origin scheme, which will benefit local exporters as the country looks to deepen integration into regional and global value chains. The launch reaffirms the UK’s sustained support for Timor-Leste’s smooth accession into ASEAN. Professor Khan also delivered a lecture at the National University of East Timor to share the UK’s revamped approach on International Development, as reflected in the recently launched white paper titled “International Development in a Contested World: ending extreme poverty and tackling climate change”.

    FCDO Chief of Economist Professor Adnan Khan, said:

    I was delighted to be in Dili for the first time to launch this important project. Timor-Leste has made huge strides in its WTO accession, and now the UK looks forward to supporting Timor-Leste as it seeks ASEAN accession.

    UK Ambassador to Timor-Leste Dominic Jermey said:

    The UK is committed to deepening our partnership with Timor-Leste, and I’m delighted that the FCDO’s chief economic Professor Adnan Khan visited Dili recently to discuss ways we can enhance our cooperation. The launch of the ASEAN Economic Community Accession project demonstrates our commitment to supporting Timor-Leste’s smooth accession into ASEAN. We look forward to seeing the benefits this project will bring to the Timorese economy.

    UK Ambassador to ASEAN Sarah Tiffin said:

    As a committed ASEAN Dialogue partner, the UK is committed to assisting Timor-Leste through the process of its accession to ASEAN. The visit by FCDO Chief Economist Professor Adnan Khan to Timor-Leste and the initiation of a UK-funded project dedicated to facilitating Timor-Leste’s accession to the ASEAN Economic Community project are concrete demonstrations of this strong commitment.

    Minister for Trade and Industry, H.E. Filipus Nino Pereira, said:

    I would like to thank the UK government for its support. This project will help us meet the ASEAN and WTO accession requirements. This initiative also reflects our ongoing commitment to diversifying our economy and deepening our regional economic integration.

  • PRESS RELEASE : Government sets ambitious target to grow rail freight by at least 75% [December 2023]

    PRESS RELEASE : Government sets ambitious target to grow rail freight by at least 75% [December 2023]

    The press release issued by the Department for Transport on 20 December 2023.

    Target will boost economic growth and lead to significant environmental benefits by taking lorries off our roads, cutting emissions and congestion in the process.

    • government announces ambitious 2050 target to grow rail freight by at least 75%
    • delivers Transport Secretary commitment to move more goods by rail while growing the economy and improving the environment
    • sets the pace for the sector and builds on government’s strong record of investment in rail freight

    Even more vital goods will be transported across the UK by rail, following an ambitious target announced by Transport Secretary, Mark Harper, today (20 December 2023) to grow rail freight by at least 75%.

    From delivering food to supermarkets, to transporting building materials to construction sites, rail freight is a vital part of everyday life in the UK, carrying tens of billions of pounds worth of vital goods.

    Today’s announcement demonstrates this government’s drive to grow the rail freight industry even further and boost the considerable economic growth it delivers across the country by supporting supply chains and thousands of high-skilled jobs.

    Not only does this target provide the sector with certainty by setting a clear pace for growth by 2050, but it will also lead to significant environmental benefits by taking lorries off our roads – slashing emissions and congestion in the process. For example, just one train can replace up to 129 heavy goods vehicles (HGVs) and a tonne of freight moved by rail produces about a quarter of the carbon emissions it does by road.

    Transport Secretary, Mark Harper, said:

    Rail freight helps keep this country moving, ensuring our supermarket shelves are stocked and materials are supplied to our construction workers.

    Not only is it the most efficient and environmentally friendly way of transporting many goods, but it helps grow the economy across the country.

    This ambitious plan demonstrates this government’s confidence in the rail freight sector and I hope it encourages businesses to capitalise on the extra opportunities so the industry continues to thrive and deliver for our country.

    Today’s announcement delivers on a commitment made by the Transport Secretary in his George Bradshaw address earlier this year, along with fulfilling a commitment in the Department for Transport’s Plan for Rail and Transport Decarbonisation Plan.

    The target will encourage further private sector investment in projects that will grow and modernise the industry, such as GB Railfreight’s new state-of-the-art maintenance facility in Peterborough, which was officially opened by the Transport Secretary in September this year.

    GBRTT Lead Director (interim), Rufus Boyd, said:

    The government’s announcement today for a rail freight growth target of at least 75% growth by 2050 supports what our customers and stakeholders told us in the national call for evidence. That setting a clear ambition for rail freight growth will help bring the sector together, focus minds, break down silos and be a catalyst for private investment.

    Rail freight is already a big success story. Moving goods by rail is a greener option and helps cut road congestion, and what we have here is an opportunity to grow rail freight’s modal share. I am convinced that through collaborative working the industry can rise to this challenge.

    The Rail Freight Growth Target also forms a key part of the government’s continual drive to improve the long-term capacity of the rail freight network, with billions of pounds of redirected funding from HS2 now further supporting schemes to improve rail infrastructure and services in all parts of the country.

    Director General of the Rail Freight Group, Maggie Simpson, said:

    We are delighted that government has recognised the economic and environmental benefits of growing rail freight. This target sends a strong message about the benefits and potential of rail freight which will encourage investment by industry and private businesses and attract more customers to move their goods by rail.

    As recently announced through the Network North plan, the transformative Ely Area Capacity Enhancement scheme, backed by around £550 million of government funding, will see an extra 6 freight trains per day to and from the Port of Felixstowe – the equivalent of taking 98,000 lorry journeys off the road every year.

    The target has been set following a detailed call for evidence with industry leaders, customers and other stakeholders by the Great British Railways Transition Team (GBRTT). Going forward, GBRTT’s recently formed Strategic Freight Unit will spearhead strategic leadership in the freight sector, further unlocking the industry’s potential for growth.

    Network Rail Freight Director, Henry Bates, said:

    Rail freight has a key role to play in Britain’s economic and environmental wellbeing, keeping supermarkets stocked, builders building and medicine moving. We want to see more freight on rail and having a government-supported, long-term target will support the sector’s ambition to grow and attract investment.

  • PRESS RELEASE : Pensioners receive £4.8 billion in government support to heat their homes over winter [December 2023]

    PRESS RELEASE : Pensioners receive £4.8 billion in government support to heat their homes over winter [December 2023]

    The press release issued by the Department for Work and Pensions on 20 December 2023.

    11.9 million Winter Fuel Payments and Pensioner Cost of Living Payments – worth over £4.8 billion – have been made to pensioners across the UK over the past month.

    • Around 11.9 million Winter Fuel Payments and Pensioner Cost of Living Payments have been made to pensioners across the UK over the past month.
    • This means more than 99% of eligible pensioners have now received up to £600 per household to help with their energy bill this Christmas for the second year running.
    • The support ­­– worth over £4.8bn – comes on top of the biggest State Pension increase on record, and a commitment to a further increase next April.

    Each pensioner household has received up to £600 in tax-free cash automatically to help with energy bills and household budgets this winter.

    It follows this year’s 10.1% State Pension increase – the largest in the history of the State Pension – with next year’s 8.5% increase set to break records again as the full rate of the New State Pension rises to over £11,500 a year. This means it will rise to £221.20 a week.

    It also comes as the government has delivered on its commitment to halve inflation which is the best way to put more money in the pockets of hard-working people.

    Our economy has turned a corner, with inflation halved and debt on track to fall, we are able to move away from the big government, high spending, high borrowing, and high tax approach that was necessary before, and focusing on the long-term decisions required to strengthen our economy and give people the opportunity to build a wealthier, more secure life for themselves and their family.

    Work and Pensions Secretary Mel Stride said:

    Today shows we have honoured our commitment to protect pensioners throughout the cold winter months by paying out £4.8bn of direct support in a matter of days.

    As well as getting this vital money to millions of pensioners, we have fulfilled our pledge to halve inflation and boosted the State Pension through the Triple Lock to ensure pensioners are supported after a lifetime of work.

    While 11.9 million payments have already been issued, those who have not yet received theirs should not worry, as payments are continuing into January.

    The money will appear in bank accounts with the payment reference starting with the customer’s National Insurance number followed by ‘DWP WFP.’ Pensioners are being asked to double check their bank statements for this reference number before contacting the DWP.

    Minister for Pensions Paul Maynard said:

    As the cold weather bites, we want every pensioner to receive all the help they can. I’m glad to be able to confirm that 99% of those eligible for this generous support have received it.

    We also encourage low-income pensioners not already getting Pension Credit to check their eligibility as they could be on average £3,900 a year better off.

    Pension Credit is available for those with the lowest household incomes. This is worth, on average, £3,900 a year, and also acts as a gateway for further help with rent, council tax, heating, and TV licences.

    Our Pension Credit Day of Action last year saw claims more than double to 275% compared to the same week the previous year.

    Pensioners in receipt of Pension Credit also qualify for our wider extensive support package for vulnerable people of all ages across the country. This includes the final Cost of Living instalment worth £299.

    This follows the Government’s Autumn Statement, which set out £104 billion to ease cost of living pressures for those on low incomes.

    Additional Information:

    The Cost of Living Payments, spread across 2023/24, are worth up to £900 for those on means-tested benefits. This is made up of:

    • £301 – Paid between April – May 2023
    • £300 – Paid between October – November 2023
    • £299 – To be paid in February 2024

    Winter Fuel Payments/Pensioner Cost of Living Payment were made to eligible pensioner households from 21 November – 7 December. The vast majority of payments should be made by 26 January.

    Those who do not receive a payment by 26 January 2024 should contact the Winter Fuel Payment Centre.

    The overwhelming majority of pensioners will receive their payment automatically, but some people need to claim:

    If you have not got a Winter Fuel Payment before, you only need to claim if any of the following apply:

    • you do not get benefits or the State Pension
    • the only benefit you get is Adult Disability Payment from the Scottish Government, Housing Benefit, Council Tax Reduction, Child Benefit or Universal Credit
    • you live in Switzerland or an eligible EEA country

    If you have got a Winter Fuel Payment before, you only need to claim if since your last payment you have either:

    • deferred your State Pension
    • moved to Switzerland or an eligible EEA country

    Winter Fuel Payments can be claimed by phone or by post.

  • PRESS RELEASE : Government invests £235 million to upgrade and repair roads across London [December 2023]

    PRESS RELEASE : Government invests £235 million to upgrade and repair roads across London [December 2023]

    The press release issued by the Department for Transport on 20 December 2023.

    Funding to maintain the capital’s roads over the next 11 years will improve journey times and save motorists money on damage caused by potholes.

    • allocations for London boroughs to improve capital’s roads announced
    • long-term investment to make roads safer and smoother using redirected funding from HS2
    • according to the RAC, motorists could save up to £440 in repairs caused by poor road conditions
    • comes after the government published a long-term plan to back drivers, make road journeys smoother and tackle anti-car measures

    Londoners will enjoy smoother and safer journeys, as the government today (20 December 2023) announces how London boroughs will benefit from £235 million in extra funding which has been redirected from HS2 to resurface roads across the capital over the next 11 years.

    Allocations for each London borough and Transport for London (TfL) have today been confirmed, allowing authorities to start spending immediately on vital road repairs, with £7.5 million of this funding set aside for next year.

    The allocations are based on the size of the road network that local authorities and TfL maintain respectively. These include funding boosts over the next year of £354,000 for Hillingdon, £455,000 for Bromley and £368,000 for Barnet, with London boroughs immediately receiving around 96% of the £7.5 million first-year funding and TfL around 4%.

    Last month, the Transport Secretary announced the total amount of additional funding that will be provided to maintain London’s roads over the next 11 years, which will improve journey times and could save motorists up to £440 in vehicle repairs to fix the damage caused by potholes.

    The funding is part of an £8.3 billion plan – enough to resurface over 5,000 miles of roads across England. This is the largest ever investment into road repairs and improvements and part of the government’s Network North pledge to improve journeys for all.

    Councils will be held accountable for how they spend the money by being required to publish regular updates on the proposed works and they could see future money withheld if they fail to do so.

    Transport Secretary, Mark Harper, said:

    This government is on the side of drivers and is investing £235 million to improve and repair London’s roads, part of the biggest-ever funding uplift for local road improvements.

    This funding is part of a long-term, 11-year plan to ensure road users across London have smoother, faster and safer journeys by using redirected HS2 funding to make the right long-term decisions for a brighter future.

    Londoners will see rapid improvements to the road network with £7.5 million made immediately available between now and the end of March, followed by a further £7.5 million in 2024 to 2025. The remainder of the £235 million boost extends until 2034, helping to maintain London’s roads for the next decade.

    This week also saw the government and TfL agree a new £250 million funding injection for 2024 to improve London’s transport system. The government has been clear that this investment is for TfL to continue delivering its investment programme, including new trains for the Piccadilly line, a scheme that will support an estimated 700 skilled rail manufacturing jobs in Yorkshire and up to 2,000 more jobs in supply chains across the country.

    We have also announced tough regulations earlier this year to crack down on utility companies causing pothole pain with botched street works, through stricter inspections and costs for the worst offenders – backed by further measures in our Plan for Drivers, announced in October.

    These include a £70 million fund to keep traffic flowing, updating 20 miles per hour zone guidance for England to help prevent inappropriate blanket use and measures to speed up the rollout of electric vehicle charging.

    The Department for Transport is also carrying out a review of low traffic neighbourhoods (LTNs). As set out in the Plan for Drivers, once this is complete we will consider new guidance on LTNs with a focus on the importance of strong local support and how to address existing LTNs that have not secured that support.

    A recent survey from the AA shows that fixing potholes and investing in roads maintenance is a priority for 96% of drivers. These funds can also help boost road safety and encourage active travel, as smoother road surfaces will make it safer and easier for cyclists to use roads with greater confidence.

  • PRESS RELEASE : UK and partners form The Tallinn Mechanism for cyber security [December 2023]

    PRESS RELEASE : UK and partners form The Tallinn Mechanism for cyber security [December 2023]

    The press release issued by the Foreign Office on 20 December 2023.

    The UK and international partners join together to establish The Tallinn Mechanism to bolster Ukraine’s cyber security.

    As part of Russia’s unprovoked invasion of Ukraine, the world has witnessed an unrelenting cyber assault against Ukraine’s critical national infrastructure, from banking to energy supplies and innocent Ukrainian people.

    As a result, The foreign ministries of Canada, Denmark, Estonia, France, Germany, The Netherlands, Poland, Sweden, United Kingdom and the United States have formalised the Tallinn Mechanism on 20 December 2023. It aims to coordinate and facilitate civilian cyber capacity building to help Ukraine uphold its fundamental right to self-defence in cyber space, and address longer-term cyber resilience needs.

    The UK’s primary delivery agent of cyber capacity building in Ukraine is our CSSF UK-Ukraine Cyber Programme, expanded by Prime Minister Rishi Sunak in June 2023. The programme has delivered over £10 million to bolster Ukraine’s cyber defences since the invasion.

    Through this programme, the UK has stood side by side with Ukrainian cyber defenders. For example, the UK funded its partner Mandiant to combat a reported Russian cyber-attack it attributed to Sandworm, a unit within Russian Military Intelligence (GRU), against Ukraine’s energy infrastructure causing a power outage.

    Minister of State in the Cabinet Office, and lead Minister for the Conflict Stability and Security Fund Baroness Neville-Rolfe said:

    The UK and Ukraine are fighting side by side in the cyberwar against Russia whose appalling attacks know no bounds. Russia is attacking Ukraine’s cyber infrastructure in order to harm innocent people, choke the economy and sow confusion.

    That is why the UK is supporting Ukraine with state of the art technology, tools and expertise to thwart these cruel attacks, including those on critical infrastructure. Our support remains steadfast.

    The Mechanism aims to interface routinely with other donor initiatives, coordinate and de-conflict, including regular engagement with the EU and NATO.

  • PRESS RELEASE : New vision to create competitive carbon capture market follows unprecedented £20 billion investment [December 2023]

    PRESS RELEASE : New vision to create competitive carbon capture market follows unprecedented £20 billion investment [December 2023]

    The press release issued by the Department for Energy Security and Net Zero on 20 December 2023.

    Government sets out plans for a new competitive UK carbon capture, usage and storage market by 2035 – delivering new jobs and supporting net zero.

    • CCUS Vision sets out plans for new competitive market in Carbon Capture, Usage and Storage (CCUS) by 2035 – to unlock investment and drive economic growth, adding £5 billion to the economy by 2050
    • long-term decisions to achieve this include outlining a timeline to establish a new CCUS market and using competition to drive lower costs for industry
    • potential to store the carbon equivalent of taking 6 million cars off the road – and support 50,000 jobs by 2030

    Green boost for the UK economy as Energy Secretary sets out plan to make the UK a global market for Carbon Capture, Usage and Storage.

    The plan – named the CCUS Vision – sets out how the UK will transition from early projects backed by government support to becoming a competitive market in this area by 2035, meaning UK companies will compete to build carbon capture facilities and sell their services to the world.

    This is expected to boost the economy by £5 billion a year by 2050 – making the UK a pioneer in this technology while meeting its net zero commitments in a reasonable way that eases the financial burden on taxpayers.

    Carbon capture works by capturing carbon dioxide (CO2) before it reaches the atmosphere and storing it safely underground – filling the spaces left by oil and gas extraction. The UK holds a strategic advantage compared to other countries thanks to its unique geology, skills and infrastructure as an island nation. It also offers enough space under the North Sea for up to 78 billion tonnes of CO2.

    This is the latest step to develop CCUS technologies – which aim to store 20-30 million tonnes of CO2 per year by 2030 and support 50,000 jobs by 2030 – backed by up to £20 billion of investment.

    It comes as the Department launches the process for more companies to connect to and expand the HyNet Cluster in the North-West and Wales – delivering further jobs and investment in the region.

    Energy Security Secretary Claire Coutinho said:

    Thanks to the UK’s geology, skills and infrastructure, we are in a unique position to lead the way on carbon capture technologies.

    That is why we’re making one of the biggest funding commitments in Europe on carbon capture that will cut emissions from our atmosphere, while unlocking investment, creating tens of thousands of jobs and growing the UK economy.

    Energy Efficiency and Green Finance Minister Lord Callanan said:

    We need pragmatic answers to the carbon challenge, and with our infrastructure, skills and geology, the UK is in pole position to take advantage of game-changing carbon capture and storage technology.

    Today we’re publishing a blueprint to deliver a world-leading UK carbon capture industry, so that we have a competitive market in this exciting new technology by the middle of the next decade.

    Backed by an unprecedented £20 billion investment, this is also a pivotal milestone in our journey to net zero that will drive economic growth, unlock investment and create tens of thousands of jobs in our industrial heartlands.

    Ruth Herbert, CEO, Carbon Capture and Storage Association said:

    We welcome the CCUS Vision published today, setting out a long-term strategy for the UK’s CCUS industry to be able to store over 50Mt a year by 2035 to support the decarbonisation of domestic industries and take advantage of export opportunities.

    It is great to see CO2 transport by ship, road and rail will be enabled from 2025 onwards, which will also support longer-term cross-border CO2 transport solutions.

    Hedvig Ljungerud, NSTA Director of Strategy, said:

    The energy transition and the path to net zero cannot succeed without carbon storage. As the regulator, we welcome today’s announcement and look forward to supporting this growing industry as it benefits the UK’s economy and the fight against climate change.

    The CCUS Vision – the plan to create a competitive CCUS market by 2035 – includes measures to achieve this goal, including:

    • moving to a competitive allocation process for carbon capture projects from 2027 to speed up the building of the UK’s CCUS sector
    • creating the conditions for projects that cannot transport CO2 by pipeline to enter the market from 2025 onwards, using other forms of transport such as ship, road and rail
    • establishing a working group led by industry to identify and adopt solutions to reduce the cost of capturing CO2

    Earlier this year, a further 2 carbon capture clusters were announced, bringing the total to four UK carbon capture clusters to support the government’s ambition to decarbonise industry and power – HyNet in North West England, East Coast Cluster in Teesside and the Humber, Acorn in Scotland and Viking in the Humber.

    These will build truly integrated energy hubs that make the best use of the UK’s established infrastructure, and play a key role in the country’s measured, pragmatic approach to reaching net zero.

    The UK government has also today announced significant progress in delivering on these carbon capture clusters in the UK’s industrial heartlands. This includes:

    • agreeing initial commercial terms with the Northern Endurance Partnership (NEP) around Teesside and the Humber, paving the way for expansion of that cluster. The government will now consider the best time to launch an expansion process from 2024 based on an assessment of store readiness in the New Year
    • and, having announced the locations of the third and fourth CCUS clusters in the Summer, government is today announcing a faster process to get those clusters set up and suitable capture projects identified

    Luciano Vasques, Managing Director, Eni UK said:

    We see strong demand from businesses across the UK for CCS so today’s announcement is a welcome step forward. We look forward to providing transportation and storage at HyNet for a wider range of companies in North West England and North Wales, helping them to reduce CO2 emissions, protect local jobs and boosting industrial competitiveness for the region.

    Chris Daykin, General Manager, NEP said:

    Today’s announcements mark another positive milestone in the development of the East Coast Cluster and the UK CCUS industry.

    Agreeing the key commercial principles through the Heads of Terms is a crucial step in the decarbonisation of the North East region and delivering jobs. We look forward to the expansion process launching from 2024 and agree that the selection of projects by HMG should be matched to the available transportation and storage capacity, so that projects and stores are developed at the same pace and equivalent level of maturity.

    We thank the UK government for their continued support as we work to complete the final agreements in the coming months, enabling NEP to take Final Investment Decision in September 2024.