Carbon storage data will boost jobs and net zero ambitions
High-skilled job opportunities, the energy transition, and the drive to reach net zero took a significant step forward today as the growing carbon storage industry began a consultation on making data publicly available.?
The North Sea Transition Authority (NSTA) has today (14 February) opened a consultation to determine the precise details of exactly what information should be made public and on what timescales.?
Information gained from geophysical surveys, well data, and injection tests will be among the wealth of valuable information that could be obtained and used in planning and future decision-making.?
And once in place the easy access to data will encourage new entrants into the industry and help to cement the United Kingdom’s position as an international leader in the sector which is vital in the drive to reach net zero greenhouse gas emissions.?
The National Data Repository already houses more than one petabyte of freely-available information gleaned from more than 60 years of activity. Originally set up to support the oil and gas industry, it is increasingly used by companies, academics and individuals working in carbon storage, offshore wind and hydrogen, and it is expected that this new information will make a significant addition to that resource.?
There are currently 27 carbon storage licences in place in UK offshore waters. Twenty-one were awarded last year as a result of the UK’s first-ever carbon storage licensing round. Early progress is being made on them. Six licences were in place prior to the licensing round. The Government has included some of these in the four Track 1 and Track 2 clusters, selected to speed up the growth of the industry and encourage first injection as soon as possible.?
The four?CCUS?clusters are expected to contribute to the target of capturing and storing 20-30 million tonnes per annum (Mtpa) of CO? by 2030.?
The Government signalled its support for the industry in its Carbon Capture Usage and Storage vision published in December 2023. In that they pledged up to £20 billion investment in the sector and flagged up their aims to:?
The NSTA Consultation on proposed regulations for disclosure of carbon storage information and samples https://tinyurl.com/3e4wum48?seeks views on what information should be reported to the NSTA and when it should be made public.?
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Factors included in the consultation cover:?
Respondents are asked their views on each of these topics, and others, regarding the scope of the information which should be disclosed and on what timescales.?
Nic Granger, NSTA Director of Corporate, said:?
“The carbon storage industry will play an important role in providing high-skilled job opportunities as part of the energy transition and is crucial in reaching net zero.?
“Access to this data will enable users to identify potential carbon storage locations and assist decision-making in this growing sector. We are proud to work with colleagues in industry, government, and other regulators in compiling this vital data resource and building this industry.”?
Energy Efficiency and Green Finance Minister Lord Callanan said:?
“This is an important move for the UK’s burgeoning carbon capture sector. It will lay the groundwork for a robust framework that will give industry access to the wealth of data on the North Sea and the potential for storing carbon emissions, taking us closer to our net zero goals.?
“We’re already backing carbon capture with up to £20 billion – one of the biggest investments in Europe – and this initiative underscores the UK’s leadership in the global effort to tackle climate change.”?
To see further details of the consultation, which will close on 12 April, go here https://tinyurl.com/3y2hjcdu?
Virtual public engagement sessions on the consultation are planned for Thursday, 7 March 2024; 14:00 – 15:00 (https://tinyurl.com/ms766fck to register) and Wednesday, 20 March 2024; 11:00 – 12:00 (https://tinyurl.com/2y7m2muh to register)?
COO World Population under 3billion at my birth
9 个月Lots of interesting statements and numbers but has a single project actually taken an FID yet ? Time to regulate for onshore storage ?