Beis is exploring different support mechanisms
UK launches consultation on greenhouse gas removal policy
The government is leaning towards introducing a contract scheme for negative emissions
The UK government’s Department for Business, Energy and Industrial Strategy (Beis) has launched a consultation on potential support mechanisms for greenhouse gas removal (GGR). The consultation follows a joint study with consultancy Element Energy into how mechanisms could support GGR projects, which are difficult to finance due to the lack of a clear revenue stream. The government aims for 23mn t/yr of CO₂ removal and permanent storage by 2035. A combination of lower negative emissions credit prices, reduced options for abatement and a “more stringent carbon price” will support demand for GGR, says Beis. Beis will close the consultation on 27 September and intends to publish detailed policy
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
