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Standards Development
Create a standard for CDR certificate accounting
o Carbon accounting will consider the full process chain from biomass sourcing to permanent
storage of CO2
• Carbon accounting for CCS applications that fall under ETS will be created by CENCENELEC
(CEN NWIP Carbon dioxide quantification and verification for CCS). CDRs will be realized by the same process chains as CO2 storage for application that fall under ETS. Additionally, CDRs will also need to apply to carbon accounting requirements imposed by CDR methodologies. These CDR methodologies ensure the generation of CDR credits towards clients of CDR certificates. Alignment between CDR carbon accounting by the CDR methodologies (such as CRCF or on the voluntary market) and ETS related carbon accounting of CCS will result in increased standardization of the CCS process chain.
o Context: The permanent CDR (DACCS & BECCS) market is expected to be initiated in the
voluntary carbon market. For companies to trade permanent CDR certificates on the voluntary carbon
market, they have to adhere to a CDR methodology verified by an independent company (such as Verra of Puro Earth). These methodologies aim to standardize the carbon accounting. To prevent conflict between these multiple standards and methodologies, it is beneficial to align the carbon accounting requirements resulting in reduced efforts in measurements or accounting administration. Having a standardized methodology will enable technology and project developers to trade CDR certificates on the voluntary carbon mark
Seek to standardise bioenergy with carbon capture and storage (BECCS) & direct air carbon
capture & storage (DACCS) technologies, processes and accounting methods to realise Carbon Dioxide Removals (CDRs) certificates. Secure how CDR are quantified, taking into account the full process chain. In case of BECCS, the process chain is defined as the biomass sourcing, the
CO2 capture & conditioning process from bioenergy based power & heat, CO2 transport and geological storage as well as the sales of CDR certificates. In case of DACCS, the process chain is defined as the capture & conditioning process from direct air capture,
CO2 transport and geological storage as well as sales of CDR certificates. This includes embedded emissions in setting up the capture & conditioning plant.
Justification
CDR technologies are increasingly seen as a valuable contribution to reach the Paris agreement. The IPCC includes CDR in many scenario’s to net zero. And the EU expressed the need for CDR to meet the recently announced 2040 CO2 reduction target. Various initiatives explore developing CDR solutions and CDR certificates are already traded on voluntary carbon markets. The European
Union explores how CDR technologies could be included in the ETS system and is already
working on the CRCF methodology. All these developments warrant the creation of a standard on the quantification of the realised CDR through applicable technologies.
Elements to be included
• Direct Air Capture (DAC)
• Bioenergy with carbon capture, including the capture of CO2 from biomass combustion (direct
or indirect including waste incineration plants) or biofuel production processes (e.g., biogas or ethanol
production)
• Transport activities include intermediate storage facilities and transport by pipeline, ship/barge,
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