ACR is developing Version 2.0 of its Methodology for the Quantification, Monitoring, Reporting and Verification of Greenhouse Gas Emission Reductions and Removals from Carbon Capture and Storage Projects.
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As in the current approved version of the methodology, greenhouse gas emission reductions are quantified from the capture, transportation, and storage of anthropogenic CO2. Version 2.0 of the methodology extends eligibility to projects that generate removals through the use of carbon dioxide removal technologies, such as direct air capture and the use of sustainable biomass as a fuel or feedstock. The methodology also expands the eligibility for geologic storage reservoirs to include saline reservoirs and depleted oil and gas reservoirs. For projects that utilize CO2 for enhanced oil recovery, Version 2.0 includes a sunset on eligibility for crediting, as well as calculations to account for emissions from transportation, refining, and end use of the produced oil.
The public comment period for the methodology is closed. The public comment version of the methodology is available for download here.
The methodology is currently in the peer review phase with publication expected in late 2025.
