Morning, Friday, 10th June 2022
This conference will examine the key priorities for negative emissions technologies (NETs) in the UK, including in hard-to-abate sectors.
It will be a timely opportunity to examine current technology readiness - as well as looking ahead at priorities for further innovation and progressing deployment at scale.
The discussion takes place in the context of:
- the Net Zero Strategy target of 5 MtCO2/year of engineered removals by 2030
- the latest IPCC Climate Change 2022: Mitigation of Climate Change report citing carbon removal as essential in meeting net-zero targets
- a range of consultations due to be published on the business models for engineered greenhouse gas removals (GGRs), as well as on the core monitoring, reporting and verification (MRV) principles for GGR technologies.
Sessions in the agenda look at:
- potential - engineered GGRs in the UK: policy ◦ targets ◦ progress
- innovation - portfolio approach ◦ assessing technology readiness ◦ preparing supply chains ◦ developing skills & the employment market
- system development - establishing a reporting framework for emissions & removal ◦ tracking progress ◦ consideration of lifecycle emissions
- measurement - standards for: monitoring ◦ reporting ◦ verification of negative emissions
- role in net-zero objectives - effectiveness in offsetting emissions ◦ interaction with carbon pricing policy ◦ consistency ◦ transparency ◦ confidence
- hard-to-abate sectors - options for: policy ◦ support ◦ further incentives
- investment - priorities: a liquid market for carbon removals ◦ revenue stream stability ◦ investor confidence
- policy - business model development ◦ addressing market barriers ◦ 2050 decarbonisation targets ◦ positioning the UK as a leader in GGR
We are pleased to be able to include keynote sessions with Jo Warner, Deputy Director, Net Zero Frameworks, BEIS; and Nathan Wyatt, Assistant Director, National Infrastructure Commission.
There will be further contributions from: Carbon Engineering; the CCSA; The Crown Estate; Drax; the Energy Systems Catapult; Frontier Economics; Imperial College London; the International Emissions Trading Association; and Offshore Energies UK.
The conference will be an opportunity for stakeholders to consider the issues alongside key policy officials who are due to attend from BEIS; Defra; HM Treasury; the Planning Inspectorate; the DfT; DAERA, NI; and the Department of Finance, NI; European Commission; FCDO; and the Welsh Government.