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UK
June 28, 2023

UK to subsidise carbon credits market in effort to develop removal projects

By Alex Janiaud

A direct air capture and storage facility in Iceland. The UK government is keen to promote the development and expansion of greenhouse gas removal projects in Britain (Photo: Arnaldur Halldorsson/Bloomberg)

The UK government is opting for a 'negative emissions contract for difference' model to finance carbon removal projects as part of its net zero strategy. The UK government is going ahead with plans to subsidise the value of emissions credits sold to fund greenhouse gas removal projects, in response to ...

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