ACR is developing an updated version 2.0 of its Methodology for the Quantification, Monitoring, Reporting and Verification of Greenhouse Gas Emissions Reductions and Removals from Carbon Capture and Storage Projects.
As in the current approved version of the methodology, greenhouse emission reductions and removals are quantified from the capture, transportation, and storage of anthropogenic CO2. This methodology extends eligibility to projects that utilize Carbon Dioxide Removal (CDR) technologies such as Direct Air Capture (DAC) and the use of Sustainable Biomass as a feedstock. The methodology also expands the eligibility criteria for geologic storage reservoir to include saline formations and depleted oil and gas reservoirs which will significantly expand the geographic range for supported projects. For projects that utilize CO2 for Enhanced Oil Recovery, Version 2.0 includes calculations to account for emissions from transportation, refining, and end use of the produced hydrocarbons.
The methodology is being updated through ACR’s public consultation and scientific peer review process.
The public comment period is now closed.
