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The UK and Taiwan have launched a carbon capture, utilisation, and storage (CCUS) partnership under the Enhanced Trade Partnership (ETP), during the eighth UK-Taiwan Energy Dialogue in Taipei.
The partnership aims to develop commercially viable CCUS ecosystems in both markets to support industrial decarbonisation targets.
Ruth Bradley-Jones, Representative at the British Office Taipei, said, “It will help build the sustained institutional links, regulatory understanding, research connections and business partnerships required for success.”
Establishing a functioning CCUS market will require more than capture technology alone.
Investment in carbon dioxide (CO2) purification, conditioning, compression, transport and storage will be needed to connect industrial emitters with utilisation pathways or permanent storage.
The new CCUS partnership will cover policy and regulatory cooperation, technical collaboration on research, innovation and deployment, and support for future project development.
Taiwan’s CCUS Flagship Carbon Reduction Action Plan aims to reduce emissions by six million metric tonnes of CO2 equivalent each year by 2035.
The UK is also committed to advancing CCUS technology. In October 2024, the UK government committed up to £21.7bn ($28.8bn) over 25 years to support CCUS projects concentrated in the North West and North East regions.
However, this comes as the UK government cuts £200m ($266m) in for CCUS, leaving Scotland’s Acorn project without a confirmed grant funding commitment and raising fresh questions over its development.
