While the Department is taking steps to incentivise efficient delivery of the CCUS projects, it has not established mechanisms to make sure that taxpayers and consumers will benefit financially should the programme be successful. The Department has developed a range of business models for applying CCUS to a range of sectors. The models form the basis of negotiations between the Department and the private sector 4 and outline how risks will be allocated between the different parties and set th...

While the Department is taking steps to incentivise efficient delivery of the CCUS projects, it has not established mechanisms to make sure that taxpayers and consumers will benefit financially should the programme be successful. The Department has developed a range of business models for applying CCUS to a range of sectors. The models form the basis of negotiations between the Department and the private sector 4 and outline how risks will be allocated between the different parties and set the payment mechanism. While the projects will receive the bulk of taxpayer and consumer support only when they are operational, the sums involved are subs Type: conclusion | Number: 2 | Response status: accepted Government response: The government agrees with the Committee’s recommendation. keeps the UK on the lowest cost pathway to meeting Net Zero and presents opportunities for growth in a future low carbon global economy. The department estimates that if CCUS is not deployed, taxpayers and cons