Britain launches first licensing round for carbon storage sites

View of a model of carbon capture and storage designed by Santos Ltd, at the Australian Petroleum Production and Exploration Association conference in Brisbane, Australia May 18, 2022. - Reuters

LONDON: Britain has put its first round of sites for carbon capture and storage up for bids from potential users, with 13 on offer, the North Sea Transition Authority said on Tuesday.

The country aims to use CCS technology, which involves filtering planet-warming carbon from industrial smokestacks before it hits the atmosphere and storing it underground, to hold 20 million to 30 million tonnes of carbon dioxide by 2030.