Equatic Publishes Standard-Setting Methodology for Carbon Removal Verification with EcoEngineers and the International Organization for Standardization
23 Mayo 2024 - 2:36PM
The world needs carbon dioxide removal (CDR) at globally relevant
scales as soon as possible — and we cannot achieve that
milestone without a thriving, verifiable carbon market. That is why
Equatic has been committed to producing high-quality CDR credits
since its inception.
We’ve pushed that commitment one step further to hold ourselves
— and the industry — accountable. Today, in partnership with
EcoEngineers and the International Organization for Standardization
(ISO), we’ve unveiled ISO 14064-2:2019, a new methodology for
monitoring, reporting, and verifying (MRV) of electrolytic
ocean-based CDR.
This methodology offers a thorough, transparent framework for
quantifying, monitoring, reporting, and verifying greenhouse gas
(GHG) emissions and removals at the project level in ways that meet
ISO’s rigorous and world-renowned reporting standards. Requirements
for project planning as well as identifying and selecting
project-specific GHG sources, sinks, and reservoirs (SSRs) are
included in the standard. Furthermore, it offers guidance on
project performance and data quality management, including
recommendations on baseline scenario outlines, monitoring,
quantifying, documenting, and reporting.
The full package represents one of the most
comprehensive MRV methodologies currently available to the
public. Some of the most rigorous and unique aspects
include:
- Closed-system crediting, including measuring the changes in the
carbonate system in both the incoming and outgoing seawater using
off-the-shelf sensors for solid and liquid samples
- Carbon emissions of any inputs and the transportation of all
inputs and outputs
- System leakage considerations, including electricity and carbon
dioxide (CO2) sourcing and leakage, as well as physical forms of
potential CO2 leakage
- Guidelines for additionality including regulatory and financial
additionality
Consulting, auditing, and advisory firm, EcoEngineers (Eco) was
integral to the development of this methodology. Roxby Hartley,
Ph.D. and climate risk director at Eco found that this methodology
“provides a clear road map that aligns with the highest industry
standards, ensuring that the carbon removal process is meticulously
monitored and recorded.”
Equatic’s two pilots in Los Angeles and Singapore have been
instrumental to testing the deployment of sensor technology and
control systems. With this ISO 14064-2:2019 standard now in place,
Equatic is preparing to implement its integrated MRV at Equatic-1,
the world’s largest ocean-based CDR plant being built in
Singapore.
Equatic-1 will be built as a modular system, with each module
consisting of an electrolyzer with the capacity to remove 1 tonne
of carbon dioxide (CO2) per day. The modular design enables Equatic
to scale to commercial volumes by numbering up units rather than
scaling up the size of the electrolyzer. Not only does this enable
systematic and cost-effective scaling, it establishes high-quality
carbon removal at and across all system and plant volumes.
Verifiability is at the center of Equatic’s process and must
become the cornerstone for the entire CDR industry in order to
create a vibrant and successful carbon market.
Equatic invites public comment for a period until June 10,
2024.
For more information, please visit the following resources:
- ISO 14064-2:2019: Methodology for Measurement, Reporting, and
Verification of Electrolytic Oceanic Carbon Dioxide Removal
- Statement on High-Quality Carbon Removal Credits
- White Paper: Equatic's Measurement, Reporting, and Verification
Methodology
- Peer Reviewed Publication: Electrolytic Seawater Mineralization
and the Mass Balances That Demonstrate Carbon Dioxide Removal
About Equatic:Equatic is a carbon removal
company leading the industry in combined carbon dioxide removal and
carbon-negative hydrogen generation. Using a patented seawater
electrolysis process, Equatic amplifies the ocean’s inherent
ability to absorb and store massive amounts of carbon. The
technology was created and developed at the UCLA Samueli School of
Engineering’s Institute for Carbon Management. Following the
successful operation of two pilot facilities in Los Angeles and
Singapore, Equatic is now constructing the world’s largest
ocean-based CDR facility and works with industry pioneers, national
agencies, and government leadership to scale climate solutions at
unprecedented rates. The company sells high-quality carbon removal
credits and is the only ocean-based carbon removal company that
measures removal inside the boundary of its plants, leading to
unprecedented certainty.
For media inquiries or further information, please
contact:LaunchSquad for Equaticequatic@launchsquad.com