A coalition of round 90 organisations from the renewable fuel sector has referred to as on the Greenhouse Fuel Protocol (GHG Protocol) to revise its forthcoming company greenhouse fuel accounting commonplace to higher recognise the local weather advantages of renewable gaseous fuels.
The enchantment, revealed throughout London Local weather Motion Week, argues that adjustments to the GHG Protocol’s proposed Actions and Market Devices (AMI) commonplace are wanted to help funding in biomethane and different renewable gaseous fuels, significantly in sectors the place direct electrification stays tough.
The joint letter has been coordinated by the World Biogas Affiliation (WBA), the Anaerobic Digestion and Bioresources Affiliation (ADBA), Eurogas, the European Biogas Affiliation (EBA), the American Biogas Council, the Electrical Pure Fuel Coalition (e-NG Coalition), Molecule Group and the Coalition for Renewable Pure Fuel (RNG Coalition).
The GHG Protocol is the world’s most generally used greenhouse fuel accounting framework for companies, with the coalition noting that 97% of S&P 500 firms report in accordance with its requirements. Consequently, adjustments to the framework can have vital implications for company decarbonisation methods and funding choices.
The organisations argue that the proposed AMI commonplace ought to explicitly recognise contractual purchases of renewable gaseous fuels utilizing established certification schemes. They are saying this might align the usual with present regulatory and voluntary markets whereas permitting firms to report the local weather advantages of renewable fuels utilizing life-cycle evaluation methodologies.
In accordance with the coalition, the absence of steering on market-based devices has restricted monetary help for commercially out there low-carbon applied sciences by making it tougher for firms to account for renewable gaseous fuels delivered via present fuel networks.
The signatories additionally argue that this has slowed decarbonisation in hard-to-abate sectors by proscribing using established certification methods and present fuel infrastructure to ship lower-carbon fuels.
The letter urges the GHG Protocol to make sure that the brand new commonplace is interoperable with present regulatory and voluntary markets and incorporates an influence assertion that permits clear reporting of the environmental advantages related to renewable gaseous fuels.
The coalition warns that failing to recognise these market-based approaches may discourage the acquisition of renewable fuel and cut back funding in applied sciences that it considers vital for attaining net-zero emissions.
The intervention follows earlier representations made to the GHG Protocol by virtually 250 organisations and comes as work continues on the subsequent section of the AMI commonplace, which is meant to supply firms with steering on accounting for emissions reductions achieved via market-based devices.
