UK ETS to replace the UK’s membership of the EU ETS
UK backs engineered carbon removal with ETS
Government set to include Dac and Beccs in national emissions trading scheme as part of package of reforms
The UK government is set to ramp up its support for early-stage greenhouse gas removal (GGR) technologies such as direct air capture (Dac) and bioenergy with CCS (Beccs) by making them eligible to join the country’s emissions trading scheme (ETS). The decision is part of a package of reforms that also includes broadening the scheme to cover more emitting sectors and tightening existing emission limits for the power sector, energy-intensive industries and aviation from 2024. “The UK ETS is an appropriate long-term market for GGR technology, which will be vital for meeting net zero,” the government says. “Bringing GGR technologies into the UK ETS will drive early investment in new technologies
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9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
