The UK Oil and Gas Authority has awarded a carbon dioxide appraisal and storage license to Harbour Energy, boosting the drive to reach net zero greenhouse gas emissions by 2050.
The UK government has announced plans to decarbonise the country's power system by 2035, instead of the previous target of 2050. The plan focuses on building a secure, home-grown energy sector - including nuclear energy - that reduces reliance on fossil fuels and exposure to volatile global wholesale energy prices.