Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to The University of Manchester’s report entitled Capturing the Carbon Opportunity published in 2022, what plans his department has to integrate carbon removal technology with existing frameworks, including the UK Emissions Trading Scheme.

In March 2022, the UK Emissions Trading Scheme (UK ETS) Authority called for evidence on the role of the UK ETS as a possible long-term market for both nature-based and engineered greenhouse gas removal technologies. This asked for views on possible market design, timing of inclusion and market eligibility requirements. The Authority is reviewing the responses and will respond in due course.

The Government also recently consulted on potential business models to unlock investment and enable engineered GGR projects to deploy at scale over the next decade. The consultation closed on 27th September 2022 and we are currently analysing responses.