Eleven companies and organisations are calling on the UK Government to set a “clear, unambiguous” commitment to greenhouse gas removal and negative emissions technologies.
The Coalition for Negative Emissions – representing hundreds of thousands of workers across some of the UK’s most critical industries, including aviation, energy and farming – has written to Chancellor Rishi Sunak asking for “targeted” policies to be developed to support viable negative emissions projects in the 2020s.
“In order to scale up in the 2030s at a pace compatible with the UK’s climate commitments, it is essential that government works with industry to bring forward early projects in the 2020s that are viable and represent value for money,” the letter says.
“However, there is no marketplace or regulatory regime in the UK today that incentivises or rewards negative emissions, making financing projects extremely challenging.”
“Dedicated policy frameworks and business models for solutions such as afforestation, BECCS and Direct Air Capture are therefore urgently needed.”
A growing number of independent experts, including the Committee on Climate Change, Royal Society and Royal Academy of Engineering and the Electricity System Operator, have recognised the crucial role of “negative emissions” or “greenhouse gas removal” technologies in fighting the climate crisis.
“Whilst we should seek to decarbonise sectors such as aviation, heavy industry and agriculture as far as practically possible, due to technical or commercial barriers it is unlikely we will eliminate their greenhouse gas emissions completely,” the letter continues.
“Negative emissions technologies are critical therefore to balancing out these residual emissions and ensuring we achieve Net Zero in a credible, cost effective and sustainable way.”
The Coalition for Negative Emissions comprises Carbon Engineering, Carbon Removal Centre, CBI, Carbon Capture & Storage Association, Climeworks, Drax, Energy UK, Heathrow Airport, International Airlines Group (IAG), NFU and Velocys.
Read the letter in full here.