Large-scale GGRs, in lockstep with deep reductions in emissions across the economy, is seen as fundamental to achieving global climate goals [1]. It is included in analysis by policymakers as part of the set of actions to achieve legislated net-zero emissions targets at both EU [2] and UK levels [3].

There is recognition of the need to provide “market pulls” for GGRs: policies and revenue streams to address commercial deployment. The UK government has committed to a call for evidence to explore the role of the UK ETS [3] as a potential long-term market for GGRs. At the same time, the European Commission’s carbon removal certification mechanism (CRC-M) which will quantify carbon flows with a view to potentially allowing the integration of carbon removal credits into the EU ETS – has a consultation scheduled for early 2022.

This workshop will be an opportunity to hear from recognised experts in the field, participate in discussion and help formulate timely guidance on whether and how GGRs should be included within ETSs, with a particular focus on the EU and UK contexts.

The workshop and all contributions will be conducted under the Chatham House Rule. The intention will be to publish a policy facing briefing report summarising the key outputs.