This consultation follows the commitment made in July 2023 to consult on proposals regarding the integration of engineered Greenhouse Gas Removals (GGRs) into the UK Emissions Trading Scheme (UK ETS) and consideration of high quality nature-based GGRs, subject to further work to consider the range of potential issues raised regarding permanence, costs and wider land management impacts.
The consultation proposes options and/or seeks views on:
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Principles for policy design when integrating GGRs into the UK ETS
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Cap policy options
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Allowance design for GGRs
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Permanence of carbon storage
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Pathways to integration
Read the consultation document here and respond on Citizen Space here. The deadline for responses is 15 August 2024.
Source: DESNZ.