The UK 's offshore geology presents a "superlative national CO2 storage proposition," but the British government needs to act to avoid missing out, according to Gibbins , writing in the Telegraph . The deal constitutes the political will of the world, and will be legally-binding in the sense that each state transposes its commitments into domestic law. Industrial clusters in the Tees Valley and the Humber are linked by a network of pipelines to depleted oil and gas fields in the Tees Valley , with similar assets for carbon storage deep underground in UK and CO2 in Scotland . Low government borrowing costs make investing in CCS all the more attractive.
The UK 's offshore geology presents a "superlative national CO2 storage proposition," but the British government needs to act to avoid missing out, according to Gibbins , 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 fields in the Tees Valley , with similar assets for carbon storage deep underground in UK and CO2 in Scotland . Low government borrowing costs make investing in CCS all the more attractive.