Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have to develop rules that would enable CO2 removals to be integrated into carbon markets, such as a UK emissions trading system.
The Government committed in the recent Energy White Paper to exploring expanding the existing UK Emissions Trading Scheme (UK ETS), which replaced the UK’s participation in the EU ETS on 1 January 2021, to the two thirds of uncovered emissions, and indicated that we will set out our aspirations to continue to lead the world on carbon pricing in the run up to COP26. This will also include how the UK ETS could incentivise the deployment of greenhouse gas removal technologies.