Carbon Takeback Obligation CTBO - Revision history

Designing Buildings at 05:55, 1 April 2022

2022-04-01T05:55:09Z

← Older revision		Revision as of 05:55, 1 April 2022
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	* Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV, [https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System].		* Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV, [https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System].

−	[[Category:DCN_News]] [[Category:DCN_Policy]] [[Category:DCN_Report]] [[Category:Definitions]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]] [[Category:Sustainability~~]] [[Category:Products_/_components~~]]	+	[[Category:DCN_News]] [[Category:DCN_Policy]] [[Category:DCN_Report]] [[Category:Definitions]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]] [[Category:Sustainability]]

Editor at 15:56, 2 August 2021

2021-08-02T15:56:35Z

← Older revision		Revision as of 15:56, 2 August 2021
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	* Aligning net zero with the levelling-up agenda.		* Aligning net zero with the levelling-up agenda.
	* Carbon capture and storage.		* Carbon capture and storage.
		+	* Carbon neutral contract.
	* Contracts for Difference.		* Contracts for Difference.
	* Decarbonise.		* Decarbonise.

Andrea Charlson at 11:02, 30 June 2021

2021-06-30T11:02:00Z

← Older revision		Revision as of 11:02, 30 June 2021
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	* Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV, [https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System].		* Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV, [https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System].

−	[[Category:DCN_News]] [[Category:DCN_Policy]] [[Category:DCN_Report~~]] [[Category:Circular_economy~~]] [[Category:Definitions]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Products_/_components]]	+	[[Category:DCN_News]] [[Category:DCN_Policy]] [[Category:DCN_Report]] [[Category:Definitions]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Products_/_components]]

Editor at 07:57, 27 April 2021

2021-04-27T07:57:03Z

← Older revision		Revision as of 07:57, 27 April 2021
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	= Introduction =		= Introduction =

−	The Carbon Takeback Obligation (CTBO) is an initiative that requires producers and importers of fossil fuels to develop methods to store a portion of the CO2 created by their activities. This proportion will increase over time. The purpose is to provide incentives for ~~produces~~ to keep CO2 permanently out of the atmosphere.	+	The Carbon Takeback Obligation (CTBO) is an initiative that requires producers and importers of fossil fuels to develop methods to store a portion of the CO2 created by their activities. This proportion will increase over time. The purpose is to provide incentives for producers to keep CO2 permanently out of the atmosphere. The commitments by producers to CTBO are voluntary.

	= Holding producers accountable for CO2 =		= Holding producers accountable for CO2 =
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	It is believed that the CTBO could be paired with the Government policy of Contracts for Difference (CfDs) to produce a marketplace where companies could trade certificates of storage. It is believed that the outcome of this partnership would encourage the development of carbon capture and storage (CCS) technologies as companies are given incentives to seek to lower their costs associated with the CTBO, and could see the UK becoming a world leader in carbon trading.		It is believed that the CTBO could be paired with the Government policy of Contracts for Difference (CfDs) to produce a marketplace where companies could trade certificates of storage. It is believed that the outcome of this partnership would encourage the development of carbon capture and storage (CCS) technologies as companies are given incentives to seek to lower their costs associated with the CTBO, and could see the UK becoming a world leader in carbon trading.

−	~~According~~ to the ~~Energy White Paper, [https://www.gov.uk/government/publications/energy-white-paper-powering-our-net-zero-future Powering our Net Zero Future~~ (~~CP 337~~)], ~~published in December 2020 by HM Government~~, ~~the CfD is: ‘The main support mechanism~~ for ~~large scale low-carbon electricity generation projects~~. ~~Successful projects are awarded~~ a ~~long-term contract which secures~~ a price ~~to which they~~ will ~~either~~ be ~~topped up if electricity prices are low~~, ~~or pay back to if electricity prices are high~~.’	+	The report explains, " A CTBO will generate an incentive supplementary to the effect of the emissions trading system (ETS). Businesses and sectors subject to this system are required to purchase and pay for emission rights. CCS will reduce their emissions, which means they will need fewer rights. However, they will incur expenses for CO2 capture and storage. A CTBO will create a demand for CO2 (and thus put a price on CO2) because producers and importers of fossil carbon compounds will need to reserve CO2 to be stored (CSUs). Thus, the CTBO and ETS schemes can be enforced alongside one another (as can other instruments, for that matter)."
		+
		+	As of 2021, CTBO is in the recommendation stage.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
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	= External resources =		= External resources =

−	* HM Government, [https://www.gov.uk/government/publications/energy-white-paper-powering-our-net-zero-future Energy White Paper, Powering our Net Zero Future (CP 337)].
	* Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV, [https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System].		* Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV, [https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System].

	[[Category:DCN_News]] [[Category:DCN_Policy]] [[Category:DCN_Report]] [[Category:Circular_economy]] [[Category:Definitions]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Products_/_components]]		[[Category:DCN_News]] [[Category:DCN_Policy]] [[Category:DCN_Report]] [[Category:Circular_economy]] [[Category:Definitions]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Products_/_components]]

Designing Buildings at 07:36, 27 April 2021

2021-04-27T07:36:16Z

← Older revision		Revision as of 07:36, 27 April 2021
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	= Introduction =		= Introduction =

−	The Carbon Takeback Obligation (CTBO) is an initiative that requires producers and importers of fossil fuels to develop methods to store a portion of the CO2 created by their ~~products~~. This proportion ~~would~~ increase over time. The purpose is to provide incentives for produces ~~that will safely~~ keep ~~a percentage of this~~ CO2 permanently out of the atmosphere.	+	The Carbon Takeback Obligation (CTBO) is an initiative that requires producers and importers of fossil fuels to develop methods to store a portion of the CO2 created by their activities. This proportion will increase over time. The purpose is to provide incentives for produces to keep CO2 permanently out of the atmosphere.

	= Holding producers accountable for CO2 =		= Holding producers accountable for CO2 =

−	CTBO ~~is a~~ policy initiative ~~that~~ was introduced ~~in a~~ report ~~entitled~~ ‘[https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System]’~~. The report was~~ published in January 2021 and written by Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV.	+	The CTBO policy initiative was introduced by the report ‘[https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System]’, published in January 2021 and written by Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV.

	According to Margriet Kuijper, project leader of the study: "A CTBO stipulates that the net CO2 emissions from this inevitable use of fossil fuels will go to zero in a timely manner".		According to Margriet Kuijper, project leader of the study: "A CTBO stipulates that the net CO2 emissions from this inevitable use of fossil fuels will go to zero in a timely manner".

Editor at 16:30, 26 April 2021

2021-04-26T16:30:27Z

← Older revision		Revision as of 16:30, 26 April 2021
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	* Aligning net zero with the levelling-up agenda.		* Aligning net zero with the levelling-up agenda.
		+	* Carbon capture and storage.
	* Contracts for Difference.		* Contracts for Difference.
		+	* Decarbonise.
		+	* Using CO2 to make construction products and materials.
		+	* Zero Carbon by 2050 - pipe dream or possibility?

	= External resources =		= External resources =

Editor: Created page with "= Introduction = The Carbon Takeback Obligation (CTBO) is an initiative that requires producers and importers of fossil fuels to develop methods to store a portion of the CO2 cr..."

2021-04-26T16:20:45Z

Created page with "= Introduction = The Carbon Takeback Obligation (CTBO) is an initiative that requires producers and importers of fossil fuels to develop methods to store a portion of the CO2 cr..."

New page

= Introduction =

The Carbon Takeback Obligation (CTBO) is an initiative that requires producers and importers of fossil fuels to develop methods to store a portion of the CO2 created by their products. This proportion would increase over time. The purpose is to provide incentives for produces that will safely keep a percentage of this CO2 permanently out of the atmosphere.

= Holding producers accountable for CO2 =

CTBO is a policy initiative that was introduced in a report entitled ‘[https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System]’. The report was published in January 2021 and written by Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV.

According to Margriet Kuijper, project leader of the study: "A CTBO stipulates that the net CO2 emissions from this inevitable use of fossil fuels will go to zero in a timely manner".

CTBO is similar to incentives that have been adopted in other areas of production, where manufacturers are given the physical and financial responsibility of managing the disposal of products that contain substances that are considered harmful to human health and the environment.

= CTBO and other initiatives =

It is believed that the CTBO could be paired with the Government policy of Contracts for Difference (CfDs) to produce a marketplace where companies could trade certificates of storage. It is believed that the outcome of this partnership would encourage the development of carbon capture and storage (CCS) technologies as companies are given incentives to seek to lower their costs associated with the CTBO, and could see the UK becoming a world leader in carbon trading.

According to the Energy White Paper, [https://www.gov.uk/government/publications/energy-white-paper-powering-our-net-zero-future Powering our Net Zero Future (CP 337)], published in December 2020 by HM Government, the CfD is: ‘The main support mechanism for large scale low-carbon electricity generation projects. Successful projects are awarded a long-term contract which secures a price to which they will either be topped up if electricity prices are low, or pay back to if electricity prices are high.’

= Related articles on Designing Buildings Wiki =

* Aligning net zero with the levelling-up agenda.
* Contracts for Difference.

= External resources =

* HM Government, [https://www.gov.uk/government/publications/energy-white-paper-powering-our-net-zero-future Energy White Paper, Powering our Net Zero Future (CP 337)].
* Margriet Kuijper Consultancy, De Gemeynt and Royal HaskoningDHV, [https://uploads-ssl.webflow.com/5f3afd763fbfb08ae798fbd7/60336e65ccc97506f7fc4036_CTBO_Final_Report_Jan_2021_Complete.pdf Carbon Takeback Obligation - A Producer Responsibility Scheme on the Way to a Climate Neutral Energy System].

[[Category:DCN_News]] [[Category:DCN_Policy]] [[Category:DCN_Report]] [[Category:Circular_economy]] [[Category:Definitions]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Products_/_components]]