UK Open Consultation on Carbon Emissions Tax

This UK Government open consultation sought comments on how, if introduced, the Carbon Emissions Tax would operate, and also on proposals for further development of the tax, including the possible inclusion of negative emissions.

CarbonActionNow! prepared a submission focusing on the negative emissions questions, which can be downloaded here.

Summary

Large scale deployment of carbon dioxide removal (CDR) methods to deliver negative emissions will be essential for the UK to meet its NDC commitment towards the Paris climate goals and will require the support of a wide ranging policy framework. However, linking negative emissions too quickly to policy mechanisms aimed at reducing emissions (e.g. the Carbon Emissions Tax or a UK ETS) would be problematic.

Targets, reporting, and markets for emissions reduction and for negative emissions should initially be kept strictly separate, and (dis)incentives should be designed to ensure the needed progress in both these areas.

Incentives to encourage the research, development and demonstration of promising CDR methods need to;

  • Keep options open
  • Ensure dependable support for demonstration projects
  • Demonstrate a clear pathway to commercialisation, and
  • Explicitly foster learning.

A number of complementary actions and policies are recommended to support of the UK’s overall net-zero objective, including;

  • Launching a Citizens’ Assembly to consider CDR deployment in the UK
  • Commissioning a strategic environmental assessment of CDR deployment in the UK
  • Commissioning a study on the integration of direct air capture into the UK energy system
  • Avoiding the labelling of specific sectors as “hard to abate”
  • Acknowledging and addressing the UK’s carbon debt
  • Increasing durable carbon utilisation, and
  • Introducing incentives for the use of low carbon fuels.

Negative Emissions Technology News Issue 2 now out

Editorial

Microsoft’s ambition to become carbon neutral by 2030, announced in a recent blog post by company President, Brad Smith, will see the company investing in a portfolio of negative emission technologies (NETs) potentially including afforestation and reforestation, soil carbon sequestration, bioenergy with carbon capture and storage (BECCs), and direct air capture (DAC), as well as launching a new $1 billion climate innovation fund to accelerate the global development of carbon reduction, capture, and removal technologies.

The company’s CO2 removal (CDR) portfolio will initially focus on nature-based solutions, but will be reviewed annually, assessing the scalability, affordability, commercial availability, and verifiability of NETs, with the goal of shifting to more technology-based solutions before 2050, as they become more viable.

But what was most remarkable about the announcement was the commitment to also take responsibility for the company’s historical emissions – “to address our unpaid climate debt” – by removing from the atmosphere the total direct and indirect (Scope 1 and 2) CO2 emissions since Microsoft’s inception in 1975.

This to-date unique commitment puts the often discussed “moral hazard” posed by NETs in a new light. Against the concern that the unproven promise of NETs may discourage the needed deep and rapid reductions in GHG emissions must also be weighed the promise that NETs will give those corporations and individuals most responsible for historical emissions the opportunity to take similar corrective action – to address their own unpaid climate debts.

When – as is to be hoped – others follow this example of moral leadership, and also commit private sector finance to accelerate NET innovation and project development, we can look forward to a rapid maturation of the more technology-based solutions, reducing and ultimately removing the “hazard” caused by their current unproven status.

The current edition of NET News can be downloaded here, and covers key developments in this growing sector since our inaugural issue. We look forward to keeping you up-to-date with developments across the NET field – from R&D to policy and governance – in future issues.

If you wish to subscribe to future bi-monthly issues of NET News, please send us your details using the form below.

Negative Emissions Technology News Inaugural issue

If we are to achieve the 1.5°C (or even 2°C) goal of the Paris Agreement, the next 30 years must see the growth of a new industrial ecosystem on the scale of today’s oil and gas sector but operating in reverse – not emitting CO2 but using a wide range of negative emissions methods and technologies to remove CO2 from the atmosphere.

The decade of the 2020s, must see peak global CO2 emissions left quickly in our wake, and the creation of a solid foundation for the rapid build-up of global CO2 removal (CDR) capacity.

The scope of this new ecosystem will be extremely broad – encompassing the upscaling of nature based solutions, such as afforestation & wetland habitat restoration; application of methods to enhance soil carbon stocks, such as conservation agricultural practices and biochar application; enhancement of natural geochemical processes, such as silicate & carbonate rock weathering; the capture and storage of CO2 from the combustion of short-rotation biomass; the application of chemical and electrochemical technologies to remove CO2 from ambient air, and many others.

Alongside the increasing awareness and application of nature-based solutions, the more technological sector of this nascent industry has started to move beyond the laboratory bench; pathfinding companies are gaining equity funding to finance pilot projects and cross-industry collaborations are emerging to de-risk and develop larger scale projects.

The challenge to bring CO2 removal to the needed scale – potentially 10 GtCO2/year by 2050 – is not purely or even primarily a technical one. National and international climate policies, including those relating to carbon pricing and trading, need to be put in place or adjusted to encourage rapid growth; international governance frame-works must be put in place to enable cross-border accounting and regulation of activities with regional and global impacts; public acceptance – the social license – must be nurtured through transparency, communication and public participation, starting early and building trust well before the technology demonstration and deployment stages.

The inaugural edition of NET News can be downoaded using this link. This issue covers key developments in this growing sector during late 2019 and the latest news for January 2020. We look forward to keeping you up-to-date on developments across the NET field – from R&D to policy and governance – in future issues.

If you wish to subscribe to future bi-monthly issues of NET News, please send us your details using the form below.