United Kingdom
North Sea Transition Deal
Executive
Passed in 2021
The deal sets out five key outcomes:
1. Supply decarbonisation - this outcome is focused on reducing operational emissions from the North Sea oil and gas sector to net zero
2. Carbon Capture, Usage & Storage - this outcome is related to government action and investment in CCUS infrastructure, including standards development
3. Hydrogen - to achieve this outcome the government commits to supporting RD&D in the hydrogen sector, including through re-structuring the existing market framework set out in the Gas Act, simplifying the planning process for hydrogen projects, maintaining gas sector infrastructure and establishing a revenue mechanism to stimulate private investment in the sector
4. Supply chain transformation - this outcome aims to establish a net zero supply chain, supported through R&D and other activities
5. People and Skills - this outcome is aimed at facilitating the re-skilling of industry workers.
Documents
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By 2025, a Hydrogen Neighbourhood village will be trialing.
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By 2030, £14-16Bn to be invested in new technologies, especially CCSU and Hydrogen at scale.
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By 2030, to achieve 50% local energy and decomission oil and gas.
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By 2030, achieve a 60Mt reduction in greenhouse gas emissions.
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By 2030, 50% reduction from 2018 emission levels.
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By 2030, four clusters will be formed for carbon capture.
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By 2030, UK has the ambition to get to 5GW for low carbon hydrogen production capacity.
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By 2025, OGCI to meet 0.25-0.2% methane intensity commitment.
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By 2030, £2-3Bn to be invested in carbon storage technology.
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By 2030, deliver the ambition for 5GW of low carbon hydrogen production capacity
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By 2030, £1Bn will be to support the establishment of carbon capture and storage in four industrial clusters and create up to 6,600 jobs.
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By 2030, 8000 new jobs in the hydrogen sector.
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By 2024/5, the government to provide £240M for the Net Zero Hydrogen Fund.
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By 2023, the HSE to enable up to 20% hydrogen blending on the network.
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By 2050, the energy innovation strategy to annually generate £54 billion of business opportunities for the UK.
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By 2030, £36Bn mobilised by the private sector for investing in green jobs.
from the Grantham Research Institute
from the Grantham Research Institute
