The Humber region becoming the UK’s first to be net-zero for carbon emissions is essential in protecting 55,000 jobs.
A new report, published by the Zero Carbon Humber campaign, has estimated over 50 million tonnes of carbon dioxide emissions could be captured in the Humber every year.
Equating to a staggering 15 per cent of the UK’s total carbon emissions, the Humber region also contributes £18 billion to the nation’s economy annually.
The report, titled ‘Capture for Growth: Creating the world’s first zero carbon economy,’ was released on Tuesday by campaign leaders Drax Group, Equinor and National Grid Ventures.
It laid out plans for the Humber to become the first in the country to become net-zero for carbon emissions.
The release of the report comes as the Humber LEP also published its White Paper for clean growth across both banks of the estuary, as Hull hosts a two-day clean energy conference at the Bonus Arena.
All eyes are on the city and region this week, as business, political and authority leaders from across the Northern Powerhouse area descend on Hull to debate and discuss growing the economy in a sustainable way.
Will Gardiner, CEO at Drax Group, said: “The race to cut carbon emissions is one we can win.
“This plan sets out a clear blueprint of how to get the Humber to net zero – the impact of decarbonising the most carbon intensive region in the country will make a major contribution to the UK reaching its world-leading climate goals.
“We need to seize this opportunity. Zero starts here.”
The proposals are supported by new analysis by Element Energy, which found if the world’s first net zero carbon industrial cluster is developed in the Humber region, 53 million tonnes of CO2 a year could be captured.
It would also help save industrial businesses in the region carbon taxes of up to £27.5bn by 2040, helping to protect jobs and competitiveness.
Industrial businesses in the Humber employ a total of 55,000 people, making cutting carbon emissions essential to securing jobs in the region.
The Humber region hopes to become net-zero for carbon by 2040 – a decade ahead of the UK Government’s target.
Lord Haskins, chair of the Humber Local Enterprise Partnership, said: “I welcome these proposals which set out a clear route to protect jobs, tackle climate change and help the Humber compete globally.
“Today, the UK is in the lead, but other countries are closing the gap by helping their industries achieve their net zero carbon goals.
“The Humber is uniquely well placed to deliver clean growth, and I hope the next Government will get behind the exciting proposals coming forward from the region.”
The UK is among the top five nations in the race to decarbonise industry by using carbon capture and storage (CCS), but risks falling behind as other countries move to deploy CCS at scale.
The report included a number of key focuses which will help the Humber region hit its target.
Developing a carbon capture pipeline which polluting businesses can connect to, pioneering hydrogen technology, and exploiting currently unused geological storage sites in the North Sea were among those listed.
Jon Butterworth, COO, Global Transmission at National Grid Ventures, said: “The government has set out ambitious plans to develop the world’s first zero carbon industry cluster by 2040.
“We believe this is a challenge that can and should be met. By working together across industry sectors, we can protect UK jobs, drive further economic growth and help the country achieve critically important climate goals that will significantly benefit current and future generations.”
How to contact Phil Winter and Business Live
Business Live’s Hull & East Yorkshire journalist is Phil Winter, also the business editor at the Hull Daily Mail and Hull Live.
You can follow Phil on Twitter @PhilWinterBiz, or on Linkedin by clicking here.
Alternatively, email him on firstname.lastname@example.org, or call 01482 315360.
Keep up to date with the latest business news in the Hull & Humber region here.
Follow @HumberBizEd and @businesslive on Twitter
The post Humber region’s net-zero carbon ambition would ‘protect 55,000 jobs’ appeared first on USNewsRank.