Guidance

Greenhouse gas removals (GGR): business model

Updates on the proposed commercial frameworks for the greenhouse gas removals (GGR) business model and related policy.

From:
Department for Energy Security and Net Zero
Published
20 December 2023

Documents

Greenhouse Gas Removal and Power BECCS business models: update December 2023

PDF, 336 KB, 27 pages

Greenhouse Gas Removal (GGR): indicative Heads of Terms (December 2023)

PDF, 303 KB, 21 pages

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Review of engineered greenhouse gas removal (GGR) standards and methodologies (link to ERM site)

https://www.erm.com/public-information-sites/a-review-of-engineered-greenhouse-gas-removal-ggr-standards-and-methodologies

Details

These documents provide details of the proposed greenhouse gas removals (GGR) business model, and related policy for greenhouse gas removals.

December 2023

The December 2023 business model update provides further details on the proposed commercial frameworks for the GGR and Power BECCS business models. It includes an update on the government’s approach to developing methodologies for engineered GGRs, including monitoring, reporting and verification (MRV).

The indicative Heads of Terms for the GGR Business Model provides a framework for the principal terms and conditions that are expected to be included in the GGR Agreement for initial projects.

In addition, ERM has published an independent review of engineered GGR standards and methodologies, commissioned by the Department for Energy Security and Net Zero with the aim of understanding the potential applicability of existing standards and methodologies to UK business models.

Published 20 December 2023