The GHG Protocol needs to evolve to better represent the complexity of how energy markets work.
Thanks for your article. I have a question regarding the EACs sold by Norway: how is that different from regular voluntary carbon credits? Why is it more "cheating" than buying regular offsets?
Offsets are not the same instrument. There's a spectrum, which starts at offsets then through EACs and PPAs, with some overlap as they're bundled or unbundled. https://www.ecocostsvalue.com/lca/gos-and-recs-in-lca/ describes the problems with these and I added a good comparison table between them all in my earlier post https://www.devsustainability.com/p/energy-systems-and-247-carbon-free from a report by Princeton https://www.dropbox.com/s/ela5hwzpb1tzmer/2021-11-16_24-7_Carbon-Free-Electricity.pdf?dl=0
Thanks for your article. I have a question regarding the EACs sold by Norway: how is that different from regular voluntary carbon credits? Why is it more "cheating" than buying regular offsets?
Offsets are not the same instrument. There's a spectrum, which starts at offsets then through EACs and PPAs, with some overlap as they're bundled or unbundled. https://www.ecocostsvalue.com/lca/gos-and-recs-in-lca/ describes the problems with these and I added a good comparison table between them all in my earlier post https://www.devsustainability.com/p/energy-systems-and-247-carbon-free from a report by Princeton https://www.dropbox.com/s/ela5hwzpb1tzmer/2021-11-16_24-7_Carbon-Free-Electricity.pdf?dl=0