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The UK means business: Examining the GGR Business Model
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At the end of August, the UK government released over 500 pages of documentation on how it plans to finance the scale-up of removals.
There is a lot to talk about: the UK has committed over £22B to CCUS (including CDR) over 25 years, of which £9.4B has already been allocated in the 2025 Spending Review.
It has also recently released its vision for how to integrate CDR into the UK ETS, potentially as early as 2029 (ahead of the EU).
Now it suggests 15-year carbon contracts for difference (CCfDs) for BECCS and DACCS projects, as well as up to 50% of CAPEX support.
We’re grateful to welcome Laura Hurley, an absolute UK policy pro, to unpack these news. In fact, she set up the UK’s first GGR policy team back in 2020.
Join as co-hosts Eve Tamme and Sebastian Manhart go deep on what could be the most ambitious CDR policies in Europe to date.
Links:
- Eve Tamme: LinkedIn and Website
- Sebastian Manhart: LinkedIn and Website
- Laura Hurley: LinkedIn
- UK Greenhouse Gas Removals Business Model
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