Tag: CCS
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Volcanic Rocks Could Store CO2 Safely, Study Finds
New evidence that ancient volcanic rocks can store CO2 Researchers from the University of Edinburgh have identified several underground volcanic rock formations around the United Kingdom that could transform carbon capture and storage (CCS). The key finding is carbon mineralization: CO2 reacting with minerals in these rocks to form stable carbonates, effectively turning a greenhouse…
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RBI CCS: Cheque Clearing in Hours, Not Days
RBI CCS: Cheque Clearing in Hours, Not Days The Reserve Bank of India (RBI) is rolling out a tech-driven upgrade in cheque processing called the Continuous Cheque Clearing System (CCS). This system aims to replace the traditional, time-consuming cheque clearing with a faster, more predictable timeline. The rollout is being implemented in two phases, with…
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RBI CCS: Continuous Check Clearing in Hours for Banks
What is RBI CCS? The Reserve Bank of India (RBI) has introduced the Continuous Check Clearing System (CCS) to reinvent how cheques are processed. Historically, cheque clearances could stretch over days; with the new CCS, cheques submitted within the designated banking hours begin a continuous processing cycle, aiming to credit the recipient’s cash account within…
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UK Offshore Energy: Next Steps for Growth and Decarbonization
Overview The Westminster forum on UK Offshore Energy this week spotlighted the next steps for North Sea development, with a clear aim to triple offshore energy capacity by 2030. The agenda centers on expanding offshore wind, accelerating green hydrogen, and advancing carbon capture and storage (CCS) to support industrial decarbonisation. The scale of ambition requires…
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UK Offshore Energy: Next Steps to 2030 Growth and Innovation
The Goal: Triple Offshore Energy Capacity by 2030 This week’s Westminster Energy, Environment and Transport Forum, sponsored by Burges Salmon, brought together industry leaders to map the next steps for UK offshore energy and the North Sea agenda. Attendees included James Phillips, the Head of the Energy and Utilities Sector Group, and Natalie Cooke, a…
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UK Offshore Energy: Next Steps for North Sea Decarbonization
Overview: A Turning Point for UK Offshore Energy In a discussion sponsored by Burges Salmon, the Westminster Energy, Environment and Transport Forum gathered policymakers, industry leaders, and legal experts to chart the UK’s path forward for offshore energy. With the North Sea as the focal point, the debate underscored progress to date and the formidable…