Upcoming Events in the World of Methane Mitigation

Opportunities abound for Global Methane Initiative stakeholders interested in networking with industry professionals and learning more about greenhouse gas emissions mitigation and adaptation technologies and strategies. Take a look at these upcoming opportunities to network with industry professionals and share your experiences and research:

2° Congreso Interamericano de Cambio Climático (CICC 2016) (Spanish)
2nd Interamerican Congress on Climate Change (CICC 2016)
Mexico City, Mexico
14-16 March 2016

CICC 2016 will feature knowledge sharing, scientific advances, and technologies that enable the industrial, governmental, and academic sectors of the Americas to mitigate, adapt to, and establish public policies that can contain climate change and its effects.  The deadline to submit an abstract for the Congress is 31 August 2015.

Eighth Annual International Conference on Climate Change: Impacts and Responses
Hanoi, Vietnam
21-22 April 2016

Join climate change professionals and government officials from the local, state, and national levels as they explore scientific, policy, and strategic perspectives in climate change. Organizers are seeking proposals for paper presentations, workshops/interactive sessions, posters/exhibits, or colloquia that address four themes:

  • Scientific Evidence
  • Assessing Impacts in Divergent Ecosystems
  • Human Impacts and Impacts on Humans
  • Technical, Political, and Social Responses

Submit your proposal today!

Interested in sector-specific topics? Take a look at these biogas, coal mines, municipal solid waste (MSW), and oil & gas system events: Continue reading

Colombia Hosts Coal Subcommittee Meeting and Technical Workshop in Bogotá

The GMI Coal Subcommittee held its 21st session on 3 June 2015 in Bogotá, Colombia. The meetings were organized and sponsored by the Colombian Ministry of Mines and Energy, the National Hydrocarbons Agency (ANH) of Colombia, the National Mining Agency of Colombia and GMI. Co-chairs presided over the Subcommittee meeting, welcoming 35 participants, including Partner Country delegates representing five countries. Monica Shimamura of the Administrative Support Group provided an update, and the Subcommittee discussed the new task force developed to propose a plan for GMI’s future post-2015. Delegates from China, Colombia, India, Poland and the United States provided updates on recent and future CMM activities in their respective countries. Several Project Network members provided updates on both CMM and CBM activities in Colombia and abroad. The Subcommittee discussed its work products and plans for the GMI Global Methane Forum in 2016.

Coal Subcommittee Delegates at the Subcommittee meeting in Bogotá, Colombia
Delegates at the Coal Subcommittee meeting in Bogotá, Colombia

The next day, delegates attended a technical workshop featuring discussions on coalbed methane (CBM) and coal mine methane (CMM) policy and ownership issues and project development. Host country Colombia presented on the path forward for in-country CBM/CMM development and hosted a roundtable discussion with public- and private-sector stakeholders involved in the Colombian CBM/CMM markets.

Presentations and minutes from the subcommittee meeting and technical workshop are now available online.

In addition, the Coal Subcommittee has also welcomed two new delegates from Kazakhstan, Mr. Ruslan Koblanuly with the Ministry of Energy and Mr. Chengiz Cherniyazdanov with KazTransGaz.

The next Coal Subcommittee meeting will be held at the Palais des Nations in Geneva, Switzerland on 27 October 2015, in conjunction with the 10th session of the United Nations Economic Commission for Europe (UNECE) Group of Experts on Coal Mine Methane. Register for the meeting on the UNECE website.

World Bank’s First Methane Auction Yields 8.7 Million Certified Emissions Reductions Guarantees

As both a pollutant that accelerates climate change and a useful form of energy, it may seem like common sense to harness the methane emissions leaking from decaying organics in landfills, agriculture, and waste water sites. Yet, in developing countries the current prices of carbon credits are too low to cover the operating and maintenance cost of capturing the leaking methane. So instead of recovering an economic benefit from the methane byproduct of these sites, the methane commonly vents into the atmosphere as a harmful pollutant.

Enter the World Bank’s innovative new program: the Pilot Auction Facility, or PAF. The PAF incentivizes project developers to capture the methane byproduct by providing a price guarantee for selling carbon credits via a tradeable put option. The purchase of put options enables project developers to hedge the risk of low carbon credit prices that could make the methane capture project unviable. As a pay-for-performance tool, the World Bank will pay project developers only after independent auditors have verified the emission reductions. Thus, project developers achieve a guaranteed floor price for emissions credits generated, while the world at large achieves the positive climate impacts of verified and quantified mitigation of vented methane emissions AND a useful energy source – everybody benefits. Moreover, the use of auctions as a mechanism for distribution ensures the most efficient use of the World Bank’s resources.

The first PAF auction was held on July 15 and targeted eligible landfill, agriculture, and waste water projects. 28 bidders initially sought put options for 22 million metric tons of carbon dioxide equivalent priced at $8/metric ton, but nearly 6 hours and 11 rounds later the auction cleared with 12 winning bidders purchasing options for 8.7 million metric tons of carbon dioxide equivalent priced at $2.40/metric ton (5 times the going rate of July 16th carbon credit price on ICE Futures Europe). Most of the winning projects are in Brazil, India, Indonesia, Malaysia, Mexico and Thailand. World Bank Carbon Finance Specialist Scott Cantor offers a compelling blow-by-blow account of the auction process here.

The PAF plans to announce a second auction following the Conference of Parties climate talks in December. GMI has been working with the PAF team at the World Bank since its conception, and we promise to keep our partners and project network up to date with the latest news. We expect to hold a session dedicated to the PAF at next year’s Global Methane Forum.

Check out the PAF’s full press release here.

Pilot Auction Facility Auction Results
Results of the Pilot Auction’s Facility’s first auction–click through to read more!