🇬🇧 Can the UK keep calm and remove carbon?

While we’ve been focused a lot on what has (or has not been happening) in the US and EU CDR landscape, the UK has been leading the charge for integrating CDR into its climate policy - quietly and humbly:

1️⃣ The UK’s national Net-Zero Strategy was one of the first to establish an engineered Greenhouse Gas Removal (aka CDR) target of at least 5 Mt CO2 per year of ‘engineered removals’ by 2030 and ramping up to 58 per year by 2050.

2️⃣ The UK plans to integrate durable CDR into their ETS as early as 2028, which would make it one of the first.

3️⃣ Their Contract for Difference (CfD) business model for CDR suggests to cover the difference between carbon credit prices and production costs (plus a markup) for 15 years to help attract private investments.

👷 Additionally, towards the end of last year, Keir Starmer announced that it would invest £22 billion in CCS projects over the next 25 years, which would position the UK as a global leader in the entire carbon management industry.

🎙️To be honest, the UK is a bit of an enigma to me, and that's why I’m excited to be having Ted Christie-Miller, co-founder at Residual, who’s helped shape the UK’s conversation on CDR market frameworks and policy strategy for years.

🗓️ If you also want to understand the UK’s role better alongside me and Eve Tamme, register now for Monday, 28th of July at 10am PT | 1pm EST | 6pm CEST: https://lnkd.in/dRCUU-a9

👇 As always, let us know in the comments if there’s anything you want us to discuss or ask, and we will be sure to include it in the show.

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