Craig Morgan on LinkedIn: #biomethane #biogas #biogenicco2 | 63 comments (2024)

This explanation of what a carbon credit is should be read by everyone who is trying to understand how it helps reduce the impact of global warming. Carbon credits are a key part of the jigsaw:1. Energy efficiency - reduces the amount of capital needed for RE and carbon offsets1. Renewable Electricity - clean up the energy supply1. Electrification - get as much energy services off gas and fuels as possible1. Renewable Fuels - provide some high temperature, difficult to electrify services with Biomethane, e-Fuels (hydrogen, methanol, ammonia), and Sustainable Aviation Fuel1. Carbon Offset the rest (including drawdown)As Lachy Ritchie has put it so eloquently before - the above is not in order of priority - we need everything, all at once, now.

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If we are to cap global warming, and don’t increase the rate of improvement in energy efficiency it means (1) more build-out of the grid and renewables, and (2) MUCH more of the really expensive Carbon Dioxide Removals (CDR). One insight I gained from this report is that the carbon price we should be using to help build the business case for EE is actually CDR pricing at >$300/tonne.

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Organisations are now starting to integrate the purchase of Energy, RECs, Offsets and PPAs into their Net Zero Strategy. This just makes sense for business.

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This chart is not a forecast - it shows the dramatic growth of an underrated piece of the energy jigsaw puzzle - #biomethane. Any forecast will show that it will still get a lot bigger as its value becomes clear to many others. And let’s not forget the hidden value of the biogenic CO2 that will be co-produced in an AD plant, and form a key part of the SAF value chain in future.

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Renewable gas helps us to decarbonise faster, and critically provides a biogenic CO2 that can be used for Sustainable Aviation Fuel.

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Corporates are now looking to go deep into renewable energy by purchasing PPAs bundled with RECs, or buying RECs separately. High Quality Carbon Offsets should not be forgotten - they can be purchased now, represent real action on carbon, and help set a real carbon price for an organisation.NG is helping corporates with global retirement of RECs and Offsets.

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Victorian Energy Efficiency Certificates hit … $106. The payback on doing an energy efficiency or solar project in Victoria is now better than ever before. Call us and talk to the leader in VEEC creation.

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I am a big fan of Carbon Removal Projects and Puro.earth. Our customers and buyers like them too. I particularly like when these projects are used improve material circularity. Biochar is one of my favourites - it can be used on Ag Waste, digestate from Anaerobic Digestion, and other materials to help lock up CO2 in soils. The CO2 was originally captured from the atmosphere by nature just doing its thing. When used with AD on Ag Waste, you can get Biomethane, bio-CO2, and potentially biochar. Great circularity.

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This is pretty big because1. the application process is relatively straightforward2. the timeline is tight3. it is targeted at SMEs facing the pressures of hikes in input costs, labour, energy prices, etc.

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