Utility Dive•14 days ago
CCS generation projects are coming. New ways to track and claim their emissions must follow.
Key Takeaway
The absence of a standardized mechanism for tracking and claiming low-carbon attributes from CCS projects is a critical barrier to their market adoption and financial viability for both developers and clean energy buyers.
AI Summary
- •Developers of CCS generation projects require a standardized mechanism to track and claim low-carbon attributes to enhance project viability and market appeal.
- •Large power consumers (clean energy buyers) need a credible system to claim CCS-derived low-carbon attributes to meet their sustainability goals and demonstrate emissions reductions.
- •The absence of a clear attribute claiming framework is a significant barrier to the widespread adoption and financing of CCS as a CO2 reduction strategy for electric generation, necessitating new policy or market mechanisms.
Topics
ccgtemissionsfinancingpolicyppa
Article Content
Clean energy buyers need a mechanism to claim the low-carbon attributes of carbon capture and storage to advance this method of reducing CO2 emissions from electric generation, NorthBridge Group experts write.