The voluntary carbon market (VCM) has become a critical tool in the fight against climate change as have discussed in part 1 of our series on this topic. It allows companies and individuals to offset their emissions by investing in projects that reduce greenhouse gases elsewhere. This approach has the potential to significantly accelerate global decarbonization efforts. However, concerns […]
Voluntary Carbon Markets Part 1: The growing pains of a young market
The Voluntary Carbon Market (VCM) is a dynamic space brimming with potential to combat climate change. It facilitates the trade of carbon credits, each representing one ton of verified CO2 equivalent emissions reduction. Companies and individuals can purchase these credits to offset their unavoidable emissions and contribute to climate action. However, like any nascent market, the VCM is experiencing growing […]
How large can the AI market grow?
Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]
Companies are looking to monetize GHG emissions
In line with the Paris Agreement’s targets of reducing greenhouse gas (GHG) emissions by 45% by 2030 and reaching net zero emissions by 2050, companies across the world are looking for ways to reduce their emissions. There are some seeing this trend as an emerging market and are working to monetize other companies’ carbon emissions. […]
A cleaner natural gas value chain: IRA’s Methane Emissions Reduction Program
The Inflation Reduction Act (IRA) offers tax credits to advance clean-energy initiatives and reduce greenhouse gas (GHG) emissions. While there are incentives for everything from carbon capture through electric vehicles to renewable energy and hydrogen production, there are some penalties. The federal government’s first-ever greenhouse gas (GHG) emission fee is part of the new law’s […]
Quad Oa: Implications for Midstream Oil & Gas
The European Commission presented its first strategy to reduce methane emissions since 1996. This strategy detailed measures to reduce methane emissions in Europe as well as abroad and included plans to ban routine flaring and venting practices along and an obligation to improve detection and repair of leaks in natural gas infrastructure. This ruling is […]
Will Expanded Emission Control Areas Lead to Faster Adoption of LNG by Marine Vessels?
Large volumes of cheap North American natural gas from unconventional plays are driving companies to monetize the new supply in several different ways. One is to use LNG as a marine fuel. We have briefly touched upon the benefits of using LNG as a marine fuel in a previous article. There are two main drivers […]
China is the New Energy Dragon
It’s official. China is the world’s largest consumer of energy. This happened a lot sooner — at least five years — than projected thanks to the disproportionate impact of the Great Recession on the U.S. relative to China. More significantly, this is an inexorable phenomenon as the IEA announcement notes: Since 2000, China’s energy demand […]
