167 Beyond Net Zero - Growing the Market for Carbon Dioxide Removals
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Forward Plan Ref: 2024/330
Contact: Sarah Gilbert, Head of Climate Action (Sarah.Gilbert@oxfordshire.gov.uk)
Report by Director of Economy and Place (CA9).
The Cabinet is RECOMMENDED to:
a) Note the underdevelopment of the market for
Carbon Dioxide Removal (CDR) technologies, and the risk this creates for
meeting net zero.
b) Support the recommendations to scale the
market for CDRs through the council’s policy making and partnership activity,
growing both the supply and demand side of the market, subject to funding.
c) Subject to funding, commit to go ‘Beyond Net
Zero’ - extending the council’s current carbon neutral target for the council’s
own estate emissions to be ‘beyond zero’, with a target figure to be agreed at
a later date.
Additional documents:
Decision:
Recommendations approved.
Minutes:
Professor
Steve Smith from the University of Oxford addressed the Cabinet, emphasising
the importance of carbon dioxide removal methods as part of the council's
climate ambitions. He highlighted the need to scale up these technologies
rapidly and said that Oxfordshire had the skills and vision to support these
efforts. Professor Smith explained that carbon dioxide removal technologies
were effective and currently removed approximately 1 million tonnes of CO2 from
the atmosphere annually. He stressed that while these technologies were at an
early stage, they were necessary for achieving net zero and potentially
becoming net negative.He also mentioned specific projects in Oxfordshire, such
as woodland restoration and biochar, and highlighted the involvement of
companies like Veolia in trialling agricultural fields for carbon removal.
Councillor
Pete Sudbury, Deputy Leader with Responsibility for Climate Change, Environment
and Future Generations presented the report.
He outlined the background to the report which underscored the Council’s
commitment to leadership on climate change policies and the potential for
Oxfordshire to play a significant role in advancing carbon removal
technologies.
Councillor
Sudbury moved and Councillor Howson seconded the recommendations, and they were
approved.
RESOLVED to
a) Note the underdevelopment of the market for
Carbon Dioxide Removal (CDR) technologies, and the risk this creates for
meeting net zero.
b) Support the recommendations to
scale the market for CDRs through the council’s policy making and partnership
activity, growing both the supply and demand side of the market, subject to
funding.
c) Subject to funding, commit to
go ‘Beyond Net Zero’ - extending the council’s current carbon neutral target
for the council’s own estate emissions to be ‘beyond zero’, with a target
figure to be agreed at a later date.