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36 | The UK means business: Examining the GGR Business Model - with Laura Hurley
At the end of August, the UK government released over 500 pages of documentation on how it plans to finance the scale-up of removals.
There is a lot to talk about: the UK has committed over £22B to CCUS (including CDR) over 25 years, of which £9.4B has already been allocated in the 2025 Spending Review.
It has also recently released its vision for how to integrate CDR into the UK ETS, potentially as early as 2029 (ahead of the EU).
Now it suggests 15-year carbon contracts for difference (CCfDs) for BECCS and DACCS projects, as well as up to 50% of CAPEX support.
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