DNV gives greenlight to Drax's new methodology for carbon removals delivered by BECCS

[PRESS RELEASE] – DNV, the independent energy expert and assurance provider, has validated a new methodology for the certification of net carbon dioxide removals delivered using bioenergy with carbon capture and storage (BECCS).

• A methodology developed by renewable energy pioneers Drax and Stockholm Exergi has been validated by DNV, an organization which delivers world-renowned testing, certification and technical advisory services to the energy sector.
• The methodology demonstrates compliance with ISO standards and gives buyers of carbon dioxide removals (CDRs) delivered using bioenergy with carbon capture and storage (BECCS) confidence in their integrity.
• The methodology also supports the development of the voluntary carbon market for CDRs, which will play an important role in the scaling of such technologies and delivery of Net Zero.

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 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 Organization for Standardization) standards.

“Technology based Carbon Dioxide Removal techniques such as BECCS have a critical role to play in the delivery of Net Zero. Drax and Stockholm Exergi have collaborated to develop a robust methodology to both quantify the volumes of Carbon Dioxide removed from the atmosphere and define safeguards to ensure the sustainability of such techniques. DNV has used a comprehensive process to validate that the methodology is aligned with ISO 14064-2, including a stakeholder engagement process to ensure that views of stakeholder groups have been considered.” – Lucy Craig, SVP of Growth, Innovation and Digitalization, Energy Systems, DNV

The methodology is the most thorough to date incorporating sustainability safeguards, giving confidence to CDR buyers and investors and has been submitted into the EU’s consultation process for a carbon removal certification framework.

The validated methodology is a collaborative initiative by the two leaders in BECCS technology, spelling out a new framework for high-integrity permanent removals with guardrails to ensure sustainable use of biomass and a conservative quantification of net removals.

Drax aims to become the global leader in delivering large-scale and high-integrity carbon removals and it’s UK BECCS project secured development consent from the UK government earlier this year.

“It is absolutely critical that we have credible, transparent and trustworthy standards in place if we are to scale the market for carbon dioxide removals (CDRs) and reach the volume needed to keep warming to 1.5 degrees Celsius. Drax is proud to be pioneering this comprehensive methodology which aims to set the standard for CDRs delivered by BECCS, and provide governments, customers and the market with the confidence needed to invest in high-integrity durable credits.” – Angela Hepworth, Commercial Director, Drax

Stockholm Exergi plans to build Europe’s first large-scale facility for carbon removals using BECCS.

“With this initiative, we want to define and accelerate the development of sustainable BECCS, provide clarity to off-takers of Carbon Removal Units on the Voluntary Carbon Market and reach out to all other BECCS developers to join the initiative to drive a convergence of standards. Only if we can avoid market fragmentation and agree on a robust, sustainable standard for BECCS will market demand be unleashed and the permanent removals industry scale to the levels deemed necessary by the IPCC to limit global warming to 1.5 °C.” – Erik Rylander, Commercial Director for BECCS, Stockholm Exergi

The new methodology looks to present an industry leading, principle-led approach, which can be taken on and developed further by standard setters to enable a robust and rigorous measurement of net removals.

The full methodology can be found here.

 

For more information, please contact:
Grant Stoker, Communications Manager
E: [email protected]
T:  318.376.3358