The North Sea Transition Authority (NSTA) sought views on long term options for how to fund its carbon storage work, once the UK Carbon Capture and Storage (CCS) industry is on a more established and self-sustaining footing.
To assist with this, a call for evidence launched on 4 December 2023 and closed on 26 January 2024. It formed part of an early information gathering exercise to seek initial views on potential principles, design and timing of a possible future levy on UK carbon storage licences.
This will help inform thinking around how the industry could move towards a ‘user pays’ model for services provided by the NSTA, in the context of a thriving and well-established future UK industry.
Access the call for evidence document by clicking here.