Written question asked by David Chaytor (Labour) on Tuesday, 6 December 2005, in the House of Commons. It was due for an answer on Monday, 19 December 2005. It was answered by Malcolm Wicks (Labour) on Monday, 19 December 2005 on behalf of the Department of Trade and Industry.

Carbon Capture

Question: To ask the Secretary of State for Trade and Industry what criteria were used to decide that £25 million was the appropriate amount for the initial investment in carbon capture and sequestration.

Answer: The £25 million was assigned in the Carbon Abatement Technology Strategy to provide capital grant support for the demonstration of a Capture Ready Plant or Carbon Dioxide Storage. The precise amount needed to support such projects depends on what industry brings forward, but £25 million is a significant contribution and would help leverage additional funds from other sources.My right hon. Friend the Chancellor of the Exchequer recently announced an additional £10 million in his pre-Budget statement, which increases the amount to £35 million.

Secondary information

Type: Written question
Reference: 36408; 440 c2326W
Session: 2005-06
Subjects: Carbon dioxide Carbon capture and storage Finance Pollution control
Link: View this Written question on www.publications.parliament.uk