Earlier this year, the UK Government announced a consultation on ‘business models’ for engineered greenhouse gas removals, the term preferred by the UK government for carbon removal and related activities. We at Carbon Gap have been following these developments closely and pleased to see the UK Government’s increased attention to carbon removal, as well as their commitment to providing more significant deployment support for the field in a similar way to how the Government supported renewable energy deployment.
As part of its policy work on reaching net zero, the UK Government consulted on the design of a business model to leverage government support in attracting private investment and enabling deployment at scale of carbon removal projects (referred to by the UK Government as greenhouse gas removal (GGR)).