The Carbon Capture and Storage Association (CCSA) is urging Chancellor Jeremy Hunt to add to the existing £20bn commitment to the sector at next month’s Budget. The CCSA is calling for a commitment to back the sector with £2-3bn annually from 2028 onwards. Hunt has pledged to support the industry with £1bn per year over a 20-year period commencing in 2024. The trade body is also calling for the Government to accelerate its carbon capture cluster work, bringing four major projects online by 2030. The CCSA claims that an uplift in funding is necessary for the UK to lead the global race to scale carbon capture, usage, and storage (CCUS) technologies. The CCSA is seeking clarity on when funding already announced will be provided and argues that investors will be reluctant to move without this information. The UK Government published a CCUS ‘Vision’ paper in late 2023, which included a competitive allocation process for projects set for a 2027 launch. [5465f233]