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As our latest Energy Transition Outlook (eto.dnv.com/2020) shows, we believe that gas and variable renewables will be the only energy sources for which demand is higher in 2050 than today. However, they must work together, alongside greater uptake of CCS to secure a rapid energy transition.
For CCS to be developed successfully at scale, it is critical not only that appropriate business models are put in place, but also that major incidents are avoided through careful design, assessment and verification of new and adapted CCS infrastructure. Many CCS pilot and demonstration facilities have been successfully implemented, but a number of proposed projects in various countries have failed to progress, or have encountered strong local opposition due to concerns over the consequences of a loss of containment. We cannot assume that this will not happen in the UK. Reuse of existing infrastructure has been much debated, BEIS recently issued a consultation paper on this topic, and DNV has taken a view on this. You can read our white paper, see below.
We now have a great opportunity to use biogases, hydrogen and carbon capture and storage (CCS) to transform the gas system in the UK into a zero-carbon energy provider, linking more effectively with the electricity system to make the best use of our growing renewable resources. But as we decarbonise every aspect of how we produce, transport and use gaseous energy, we need to make sure that it is done safely, efficiently and economically.