The U.K. government announced October 4 that it would back two proposals to capture large amounts of carbon dioxide emissions from industrial plants and bury the gas beneath the sea.

According to The New York Times, the Labour Party-led government, said it would provide 22 billion pounds (about $29 billion) for such plans over 25 years as part of its efforts to make Britain a leader in a growing technology known as carbon capture and storage.

The two programs are in industrial areas at Teesside in Northeast England — organized by U.K.-based energy company BP — and near Liverpool in the Northwest, headed by Italian energy company Eni.

The idea is to take emissions from polluting industries such as electric power or cement plants and bury them in rock formations under the sea. The Times says that the proponents hope that, as these businesses gain scale, the costs and the amount of government support needed will fall. When up and running, these projects could store 8.5 million metric tons a year, the government said, or just over 2% of the U.K.’s current total carbon emissions.

Read More: The Journey to Net-Zero: A New Approach for the Chemicals Industry

The government said the plans would create 4,000 jobs and support 50,000 others. “Today’s announcement will give industry the certainty it needs,” Britain’s prime minister, Keir Starmer, said in a news release. The government support will “help deliver jobs, kick-start growth and repair this country once and for all,” he added.

The pressure to control GHG emissions is intensifying as the world closes in on 2030 and 2050 deadlines for the reduction in CO₂ emissions. But carbon capture, utilization, and storage technologies are still in the innovation stage.