Last June 30 Verra launched a public consultation on a new methodology framework for carbon capture and storage (CCS).
Gold Standard's similar public consultation ended early last June "Biomass. 1st Gold Standard methodology for CO2 removal (CDR) with geological storage".
And they indicated "Gold Standard are committed to supporting only those technologies and projects that meet our rigorous requirements. We do not support technologies or projects that involve the use or storage of captured CO2, which leads to the enhancement or prolongation of fossil fuel recovery or production."
Now Verra intends to cover the overarching methodology for CCS in this new consultation, as well as draft requirements for quantifying emission reductions and removals from projects that extract carbon from the atmosphere using direct air capture technologies, transport it, and store it in saline aquifers. And adds "Future work may include storage in depleted oil & gas reservoirs and geological mineralization. Using separate modules is proposed to reflect differences in monitoring requirements for each reservoir type. Nonetheless, there are similarities between storage in aquifers and depleted oil and gas reservoirs and combining to a single module may be better."
Click at the image below for more information and set of documents:
Public Consultation – CCS Methodology Framework
Methodology for Carbon Capture and Storage
Module for CO2 Capture from Air (Direct Air Capture)
Module for CO2 Transport
Module for CO2 Storage in Saline Aquifers
Geologic Carbon Storage (GCS) Requirements
Geologic Carbon Storage Non-Permanence Risks Tool
The consultation runs to July 29, 2023 and Verra will host an informative webinar on July 19.
CCS is a hot topic.
As our readers may recall, Carbon Credit Markets recently participated on a panel “Carbon Capture Market in Brazilian Industry” in Rio de Janeiro.
You may also want to refer to these key CCS references:
"Launched the 1st Annual CCS Report in Brazil" by CCS Brasil
"Map: U.S. carbon capture projects" by C2ES Centre for Climate and Energy Solutions
"Global CCS Institut: Status Report about the Progress in China".
