DESNZ launches GGR and BECCS revenue support consultation
The Department for Energy Security and Net Zero (DESNZ) has launched a consultation on revenue support regulations for greenhouse gas removals (GGRs) and power bioenergy with carbon capture and storage (BECCS) business models. The consultation seeks views on four key areas: direction to offer to contract, publication of information, counterparty functions and eligibility requirements. Running from 28 April to 9 June 2025, the consultation seeks views from project developers, voluntary carbon market stakeholders, Emission Trading Scheme participants, financial investors and trade associations. DESNZ has published a 29-page consultation document outlining the proposed regulatory framework.