The UK 's offshore geology offers a " superlative national CO2 storage proposition , " but the British government needs to invest to avoid missing out , according to Ambrose Evans - Jones , writing in the Telegraph . Industrial clusters in the Tees Valley and the Humber are linked by a network of pipelines to depleted oil and gas reserves in the North Sea , with similar assets for carbon storage deep underground in Liverpool and Grangemouth in Scotland . The term 'negative' is confusing but it essentially means combining CCS with bioenergy. Low government borrowing rates make investing in CCS all the more attractive .
The UK 's offshore geology offers a " superlative national CO2 storage proposition , " but the British government needs to invest to avoid missing out , according to Ambrose Evans - Jones , writing in the Telegraph . Industrial clusters in the Tees Valley and the Humber are linked by a network of pipelines to depleted oil and gas reserves in the North Sea , with similar assets for carbon storage deep underground in Liverpool and Grangemouth in Scotland . Low government borrowing rates make investing in CCS all the more attractive .