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The Role of Government and Private Sector in establishing the GGR sector

Large amounts of Greenhouse Gas Removal (GGR) will be needed for the UK to achieve net zero by 2050. Yet there are barriers for the government and private sector to overcome in order to establish, develop and scale this emerging sector.

Hear from an expert panel as they discuss the balance of the role of government and the private sector required to deliver this ambitious GGR sector development.

  • Mariana Mazzucato, Professor in the Economics of Innovation and Public Value and founding director of the Institute for Innovation and Public Purpose, UCL
  • James Richardson, Chief Economist, National Infrastructure Commission
  • Catriona Reynolds, Senior BECCS Strategy and Engagement Manager, Drax
  • Sarmad Qureshi, Chief Business Officer and Co-Founder, CO2CO
  • Paul Ekins, Professor of Resources and Environment Policy, Bartlett School Env, Energy & Resources, UCL and Co-lead on Portfolio of Policy Options, CO2RE (Chair)

This will be a chance to share your perspective in an informal, collaborative setting with other leaders in the sector, including policy makers, entrepreneurs and academics.

Guests will be welcome from 17:30, the panel session will start at 18:00, Q&A will commence at 18:45 and drinks and canapés will be served from 19:15.

This event is hybrid. When you sign up, you can choose to attend in-person (at Imperial College London, UK) or online. Sign up on Eventbrite.

This event follows on from the Market Transitions Risk Roundtable, 22 September, Lloyds of London and will lay the foundations for the next event, which will explore mechanisms of risk and uncertainty diversification for actors operating in the GGR sector, anticipated to take place on 8 February at the Oxford Martin School. Please keep an eye on CO2RE channels for updates.

Further background:

For the UK to reach net zero by 2050, it will require the establishment, development and scaling of a UK GGR sector up to 100 MtCO2 in 28 years.

GGR is a frontier technology and a nascent sector, where standards are unset and risk and uncertainty are prevalent. What is the balance of the role of government and the private sector, at different stages in GGR sector development and at discrete points in time to 2050?

This panel session will seek to explore perspectives which embody the entrepreneurial state idea as well as those who challenge the entrepreneurial state construct (“is there anything the state shouldn’t do?”). The panel session is timely as confidence in aspects of the net zero sector development is increasingly being questioned.

Sign up on Eventbrite.

Event details

Event date:
November 7, 2022

Event time:
5:30 pm

Location:

Queen’s Tower Rooms, Imperial College London, London, SW7 2AZ

About the event:

Join experts as they discuss the role of government and private sector in the establishment, development and scaling of a UK GGR sector.

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