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United Kingdom 🇬🇧

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The UK pledges up to $28.5 billion for carbon capture initiatives.

The UK government recently announced a significant investment of up to £23 billion (approximately $28.5 billion) to support carbon capture and storage (CCS) projects, aiming to reduce carbon emissions and combat climate change. This funding is part of the country's broader efforts to meet its net-zero emissions targets by 2050. The CCS projects are designed to capture carbon dioxide emissions from industrial processes and energy production before storing them underground or repurposing them.
By focusing on these projects, the UK government is signaling its commitment to reducing emissions from heavy industries, which are often difficult to decarbonize. The investment also highlights Britain's focus on innovation in green technologies as a way to reduce its carbon footprint while creating new job opportunities in the growing low-carbon economy.
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https://www.reuters.com/sustainability/climate-energy/britain-promises-up-217-billion-pounds-cleaner-energy-2024-10-03/


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