Earlier this year, Energy Now invited us to comment on the impact of the spring budget on the UK's carbon sector. In this guest piece for the publication, David Murray, partner and member of our Energy & Environment team, considers the emerging trends around patent filings in carbon capture technology and why this is important.
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Marks & Clerk in the news: The Budget’s Impact on UK’s Carbon Sector
In short, given the globally competitive nature of the energy sector and that innovation is seen as a key driver in supporting the energy transition, capturing the innovation likely to be generated needs to be considered alongside capturing the carbon itself if the industry is to not just create but maintain the 50,000 jobs the government hopes their investment will foster.