Integrating greenhouse gas removals in the UK Emissions Trading Scheme
The UK ETS Authority is seeking views on integrating greenhouse gas removals in the UK Emissions Trading Scheme.
The UK Emissions Trading Scheme (UK ETS) Authority (UK Government, Scottish Government, Welsh Government and the Department of Agriculture, Environment and Rural Affairs for Northern Ireland) is seeking input on the integration of greenhouse gas removals (GGRs) in the UK ETS.
This follows a commitment made in July 2023 to consult on proposals regarding the integration of engineered GGRs into the 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 seeks views on:
- principles for policy design when integrating GGRs into the UK ETS
- cap policy options
- allowance design for GGRs
- permanence of carbon storage
- pathways to integration
This consultation is open to any organisation or individual, but will be of particular interest to:
- individual companies and representatives of industrial, power and aviation sectors with obligations under the UK ETS, including future participants from the maritime and waste sectors
- individual companies and representatives of the greenhouse gas removal sector, including both engineered and nature-based solutions
- ETS market traders, financial institutions and investors
- environmental groups
To note, the consultation does not apply to Northern Ireland electricity generators who participate in the EU ETS by virtue of the Ireland / Northern Ireland Protocol and Windsor Framework.
Read our consultation privacy notice.