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Foreword
In 2023, biomethane played a
significant role in reducing greenhouse gas emissions, cutting an estimated 15
million metric tonnes of CO₂ equivalent (CO₂e) in the EU and an additional 5 million metric tonnes
in the US. The EBA, ERGaR, Eurogas, and the RNG Coalition commissioned S&P
Global Commodity Insights to review biomethane certification and tracking
systems in Europe and the USA. Their report concluded that there are robust and
reliable certification and tracking systems in place.
Guarantees of Origin (GOs)
and Proof of Sustainability (PoS) certificates allow the EU to legally trace
biomethane trade, promoting the development of biomethane capacity and
encouraging the use of low-carbon, sustainable feedstock. Furthermore, the traceability
of mass-balanced certificates will be made easier by the launch of the EU Union
Database for Biofuels (UDB) at the end of 2024. Also, robust certification and
tracking systems address the key risks relating to RNG procurement, trading,
renewable energy reporting and GHG reporting. As the biomethane sector expands,
certificates are anticipated to shift biomethane producers toward market-driven
revenue sources, reducing dependence on government support schemes and enabling
biomethane projects to become more cost-competitive.
On a country-wide level, recent developments show that various
governments as well as the private sector are actively seeking to enhance their
investment in biogas R&D and production. The Brazilian ‘Future Bill’, which
was voted in last month, will enforce the law that establishes ‘The National
Decarbonization Program for Natural Gas Producers and Importers and Biomethane
Incentive’...
Other News this Month Includes:
Policy
- Stop
burning trees, Drax! Campaigners take to parliament
- Commission
approves Swedish tax exemption schemes for non-food biogas and bio-propane
- More...
Markets
- Eni hires Natixis to help find investors for 49% stake in biomethane
business
- Bergs Timber has divested its
pellet business
- More...
Research & Development
- New research projects accelerating CCS efficiency and safety
- Suzuki to work together on cooperative research and development of
biogas in Pakistan
- More...
Biomass Heat and Power
- Drax condemns Tory U-turn as “reckless and irresponsible”
- Esken Renewables
becomes Seras
- More...
Energy from Waste
- Industry responds to BBC
article labelling EfW ‘dirty’
- Statkraft
signs first PPA for energy from waste project
- More...
Biogas
- First comprehensive report on the trading of
biomethane certificates confirms solid tracking systems are in place and
working in EU and USA
- €100m investment plans for
4 new innovative biomethane plants in Ireland
- More...
Carbon Capture
- Government reignites industrial heartlands 10 days out from the
International Investment Summit
- The Institute for Energy Economics and Financial Analysis challenges
UK CCUS investment plan
- More...
Events
Capacity Statistics