DNV’s endorsement of the methodology developed by Drax and Stockholm Exergi, is an important milestone, which will support and enable the deployment of BECCS, a vital climate saving technology which both companies plan to deploy.
The comprehensive methodology validated by DNV will ensure there is a rigorous approach which will provide confidence in the quality and sustainability of CDRs from BECCS – a vital technology due to its ability to deliver reliable renewable energy as well as millions of metric tons of carbon dioxide removals.
This technology is widely acknowledged by leading authorities on climate change as being essential to efforts to address global warming, yet up until now there has been no comprehensive set of best-practice standards for measuring, reporting and verifying carbon removals delivered by BECCS.
Setting rigorous standards that give buyers confidence in the quality and sustainability of CDRs will be essential in efforts to scale the market for high-integrity credits from BECCS.
The methodology Drax and Stockholm Exergi have developed provides a comprehensive and conservative framework with which to quantify the net carbon dioxide removals delivered. Its validation by DNV demonstrates that it complies with ISO14064:2 (International Organisation for Standardisation) standards.
