UK

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

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,

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.
  • The Sustainable Views Policy Tracker - deep insight on ESG regulations and deadlines.

Read Next:

Housing development UK house builders
Daily Briefing
February 29, 2024

Editor’s note: bad faith and biodiversity net gain

The latest edition of our Sustainable Views newsletter
Read more