Author: Richard Partington and Jillian Ambrose

Summary: Rachel Reeves is leading a push for increased public-sector investment in carbon capture and storage projects worth almost £22bn over 25 years. This initiative, set to be one of the largest green spending promises of the parliament, aims to create clean energy jobs and boost economic growth. The government hopes to fund two major carbon capture and storage clusters in the UK to reignite struggling heavy industries and help reach net zero emissions goals. Despite some controversy over the technology, with concerns about prolonging fossil fuel use, ministers anticipate significant private sector investment and job creation. Critics argue for…