Negative Emissions Platform’s Post

Read our response to the Integrating GGR removals in the UK ETS consultation, now available on our website. Our view is that future policy should include the following: ⏩ Certainty for significant investment by UK industry in the face of an evolving UK ETS with a potential number of changes, as discussed in the recent consultations on free allocations, future market policy and Cross Border Adjustment Mechanisms (CBAM) with a coordinated approach to these elements. ⏩ The implementation of a well-designed CBAM mechanism for sectors exposed to carbon leakage to prevent offshoring of production emissions. ⏩ The integration of Greenhouse Gas Removals (GGRs) into the UK ETS in a manner which allows UK companies to continue to compete on an international basis. See link below for our full response.

We recently shared our input with the UK government in a consultation on the proposed Emissions Trading Scheme (ETS). Here are our six key points: 📈 Government should consider a mandatory requirement for ETS participants to use GGR (greenhouse gas removals, term often used in the UK for carbon dioxide removal (CDR), but including a wider array of greenhouse gases) to cover an increasing share of their ETS obligations, starting as a small share of obligations and increasing over time. 🏡 We call for an intermediary institution such as a Carbon Clearing House, to streamline the market for suppliers and buyers, and provide greater control over the portfolio and scale of GGR coming forward in the UK. More on this proposed institution in our vision for carbon removal in Europe. 👉 https://lnkd.in/eAJHeU_r 🏔️ A long-term negative cap and expansion to a wider array of sectors would enhance the market opportunity for GGR. 🚨 Interventions to address the surplus and maximise the ETS price are needed, to reduce the discrepancy with EU ETS prices and maintain a strong decarbonisation signal. 🤝 GGR operators looking to sell into the ETS need certainty about their future eligibility for the scheme. ✅ The lack of certification mechanism planned for UK GGR places an over-emphasis on the ETS as the only market where units become certified. Read the full consultation response here: https://lnkd.in/e2RNhndp #GGR #UKETS #CarbonRemoval

South Africa's move to regulate carbon markets is a crucial step in our climate journey. Natural gas, in its piped, compressed, or LNG form, offers a cleaner alternative to coal, helping industries reduce emissions while maintaining energy security. The proposed carbon market regulations will ensure integrity and transparency, positioning South Africa as a global leader. #CarbonMarket #Sustainability #NaturalGas #EnergyTransition #CleanEnergy #SouthAfrica https://lnkd.in/dyYqhnN2

Still on the emissions levy, we had this to say as Iceg Africa. An Emissions Fund should be considered rather than a Consolidated Fund to promote transparency and accountability. #emissionsreduction #climateaction #climatechange #energytransition #cleanenergy #sustainability

It was a great pleasure to welcome our members today to the first meeting of the Fuels Industry UK Council of 2024. The Council’s directors, who come from each of our Member Companies, play a key role in helping us provide expert advice to government on what the fuels sector needs to deliver the low carbon fuels vital for net zero, while maintaining the nation’s energy security. Among the topics of discussion was the UK Emissions Trading Scheme (UK-ETS), which sets a price for carbon. As we said in our response to the government’s consultation, the UK-ETS needs to be carefully designed to prevent carbon leakage to countries with less stringent requirements. And it needs to work cohesively with the government’s proposed Carbon Border Adjustment Mechanism (CBAM) to help the sector plan for net zero. You can read more on our response to the government’s ETS consultation here: https://lnkd.in/eHmqbhky #CBAM #netzero #tradeassociation

Opening of #CCBC24 with a ministerial fireside chat. Just a few topics the conversation covered included ETS, top 10 carbon emitting businesses needs to take action, agri-sector has their part to play in decarbonising, oil and gas exploration is a transition option instead of goal and international trade. The government's focus is on fast tracking renewable projects, plus supporting technology and innovation as an enabler to lower emissions in the next 65 months. They're making sure we have a plan to reduce the cheque we'll need to write to overseas credits in 2030 ($4.5b). #climate #policy #ETS #decarb

In Bruegel - Improving economic policy’s recent publication on EU-UK energy and #climatecooperation.   It is noted that 10% trade between UK and EU is of Energy and hence it remains critical commodity in the Trade and Cooperation Agreement (TCA) signed in 2021. However, the temporary nature of TCA weakens the business case for make #cleanenergyinvestments. Following focus area are highlighted in the report: ·        Efficient electricity trading ·        Resolving #CBAM trade barriers ·        Political dialogue on the North Sea ·        Policy design risks impeding efficient investments and trade. ·        Avoid regulatory-driven disruptions. In energy and #climatepolicy, cooperation offers mutual benefit to the UK and EU, making it a strong contender for helping rebuild the post-Brexit relationship. For the UK, any agreements must avoid connotations of rejoining the EU. While for the #EU, bespoke arrangements must avoid the notion of the #UK ‘cherry picking’ policies. Let me know your thoughts.

Under the new pilot initiative by Gold Standard, government policies and regulations can generate #carboncredits under #Article6 of the #ParisAgreement. That is different from the usual project-based approach. The first focus will be on the energy and land use sectors. This will allow governments to finance new policies in other countries that drive greenhouse gas reductions while counting these reductions towards their own Paris Agreement targets. The main challenge with this initiative will likely be meeting the additionality criteria - the Carbon Mechanism Review piece from earlier this year recommends that only policies that contribute to the conditional part of the #NDC should be eligible for crediting. Gold Standard is currently looking for governments and other interested parties to participate. Read the press release: https://lnkd.in/eZ2mvSBN And check out my earlier posts on the same topic that sparked some discussion: https://lnkd.in/eBMm-ddh https://lnkd.in/e7cT7juq Thanks for flagging, Fenella!

🌫 The UK Government has extended the UK ETS, initially set up to run to 2030, until 2050. 🖋 Furthermore, the Government is seeking to introduce a Carbon Border Adjustment Mechanism (CBAM) to address carbon leakage. The design of this will be fixed following a consultation this year, with the implementation date set for 2027. 🚢 The scheme, which will cover EfW from 2028, would work cohesively with the CBAM “to ensure imported products are subject to a carbon price comparable to that incurred by UK production, mitigating the risk of carbon leakage”. 💰 Both these measures are hoped to provide “certainty for businesses and investors on the future of British industry in an increasingly competitive global market”. 👉 For the article: https://lnkd.in/gygR8wy9 #RDF #SRF #alternativefuels #wastederivedfuel #refusederivedfuel #wastemanagement #energyfromwaste #EfW #WDF