Greenhouse Gas Removals and Power Bioenergy with Carbon Capture & Storage - Revenue Support Regulations Consultation
This consultation is open for responses
Respond to this consultationSummary
DESNZ consults on revenue support regulations for Greenhouse Gas Removals and Power Bioenergy with Carbon Capture and Storage, covering contracting procedures, information publication, counterparty functions, and eligibility criteria. The consultation targets project developers, carbon market participants, and investors. This follows the government's broader CCUS and negative emissions strategy but provides implementation detail rather than policy direction.
Why it matters
Creates another layer of administrative process for negative emissions technologies, treating symptoms of carbon pricing inadequacy rather than fixing the fundamental price discovery mechanism. As such, this continues the pattern of sector-specific support schemes rather than comprehensive carbon pricing that would let the market determine the optimal mix of mitigation and removal technologies.
Key facts
- •Covers GGRS and Power BECCS business models
- •Includes direction to contract, publication requirements, counterparty functions, and eligibility
- •Targets project developers, VCM and ETS stakeholders, financial investors
Areas affected
Related programmes
Memo
This consultation seeks views on proposals for revenue support regulations in relation to the Greenhouse Gas Removals (GGRS) and Power Bioenergy with Carbon Capture and Storage (Power BECCS) business models, including: * Direction to offer to contract * Publication of Information * Counterparty’s ability to carry out its functions * Eligibility The consultation is open to all, but we expect responses in particular from those directly affected by these proposals, or have an interest in low carbon technologies, including: * Project developers * Voluntary Carbon Market (VCM) and Emission Trading Scheme (ETS) stakeholders * Financial investors * Trade associations Read the [consultation document on GOV.UK](https://www.gov.uk/government/consultations/proposals-for-greenhouse-gas-removal-and-power-bioenergy-with-carbon-capture-and-storage-regulations).