Carbon Taxes > UK puts billions towards carbon capture, nuclear, clean energy, and prepares for CBAM

UK puts billions towards carbon capture, nuclear, clean energy, and prepares for CBAM

Published 16:05 on October 30, 2024  /  Last updated at 16:05 on October 30, 2024  / /  Carbon Taxes, CBAM, EMEA, UK ETS

The UK government will put billions of pounds into carbon capture, utilisation, and storage (CCUS), nuclear power, hydrogen, renewables, zero-emission vehicles, and sustainable agriculture over the next fiscal year, and plans to introduce a carbon border tax on imports from 2027, Chancellor Rachel Reeves announced on Wednesday.
The UK government will put billions of pounds into carbon capture, utilisation, and storage (CCUS), nuclear power, hydrogen, renewables, zero-emission vehicles, and sustainable agriculture over the next fiscal year, and plans to introduce a carbon border tax on imports from 2027, Chancellor Rachel Reeves announced on Wednesday.


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