UK Injects $272 Million into Scotland’s Acorn Project to Drive Carbon Capture Push and Meet 2050 Net-Zero Target
The UK Government has announced a major funding boost for one of its flagship climate ventures, pledging $272 million (approximately £200 million) to Scotland’s Acorn Carbon Capture and Storage (CCS) project, a move it says is critical to achieving its net-zero emissions goal by 2050. The investment, unveiled on June 12, provides concrete backing for a CCS technology previously referenced in the UK’s spending review on June 11, underscoring the growing urgency of decarbonising heavy industry. Acorn Project: Capturing Carbon in the North Sea Located at St Fergus in northeast Scotland, the Acorn CCS project is a joint venture involving…
