The UK government has announced plans to integrate Greenhouse Gas Removals (GGRs) into the UK Emissions Trading Scheme (UK ETS). Their proposal, which recently went through a round of stakeholder consultation, aims to enhance the flexibility and effectiveness of the UK ETS, and also to provide a long-term market mechanism to incentivize the development of more GGR projects in the UK.

This update provides companies with a summary of the opportunities and challenges associated with this proposal, including the potential financial benefits of investing in GGRs ahead of the integration start-date.