Initiative Highlights from Highwood‘s Voluntary Initiatives Report 2022
Digital Natural Gas & Methane Performance Certificates are 1 of 24 initiatives that are analyzed in-depth in the Highwood voluntary Emissions Reduction Initiatives Report 2022. Download the full report here.
Xpansiv launched its Digital Fuels Program in Fall 2021 with the Digital Natural Gas (DNG) registry launch. Xpansiv has provided dozens of Canadian and US producers a platform to showcase avoided methane emissions in their production, issuing Methane Performance Certificates (MPCs) for methane intensities below 0.437%.
DNGs and MPCs are two of Xpansiv’s certification programs in its Digital Fuels Program. The environmental performance metrics encrypted into DNG are derived directly from empirical production and environmental monitoring data. Producers that register DNGs and MPCs have an immutable record of the environmental data of specific units of gas, including its methane performance.
The Digital Fuels Program aspires to drive the transition to low-carbon energy with a new class of standardized environmental attributes that differentiate fuels based on ESG performance.
To provide a more holistic snapshot of methane performance, Xpansiv is working towards expanding its coverage to other segments to include pipelines, storage, and LNG. Participation is open to the entire energy market, from producers to demand-side.
Xpansiv is a global exchange for ESG commodities, allowing producers and customers to track, measure, and transact commodities based on environmental and other derived attributes. The goal is to enable major commodity groups to operate in a single marketplace where upstream, midstream, and downstream participants have a transparent, auditable dataset for registering and claiming carbon intensities and other ESG attributes tied to specific production units.
|Reporting Disclosure||Level 4 A|
|Public Disclosure||Level 3|
|Initiative Transparency||Level 3|
|Measurement of performance||Methane intensity below 0.437% as of March 2022|
|Methane measurement requirements||No measurement requirements|
|Emissions quantification||Any applicable methodologies to calculate methane emissions, provided that the inputs meet specifications. These include estimates, measurements, and modeling.|
|Level of Engagement||More than 50 companies (18.9M issued certificates, 107.6 million MMBTU registered as DNGs)|
|Sector applicability||Production, and Gathering|
|Emissions Quantification||Scope 1|
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