The Miller Mountain Project, through the voluntary hydrocarbon abatement and sequestration methodology, provides an incentive mechanism to permanently prevent economically viable hydrocarbons from being produced from the project site located in one of the most prolific natural gas-producing areas in the Marcellus and Utica Shale plays. By creating a legal barrier to the extraction of new natural gas and associated hydrocarbons, this project reduces greenhouse gas (GHG) emissions due to the avoided emissions associated with their extraction, processing, transportation, refinement, and end-use (i.e., combustion). The project covers the emission reductions from voluntary hydrocarbon abatement project activities resulting in the natural gas and associated hydrocarbons remaining permanently sequestered in their original geologic formations, the Upper Marcellus Formation.
The landscape of carbon offsetting is rapidly evolving. Historically, nature-based credits, particularly those generated by forestry and land-use projects such as REDD+, have dominated the market. However, recent developments have significantly tarnished their credibility, bringing their limitations into sharp focus. As a result, market leaders are shifting their attention to non-nature-based credits to meet their offsetting needs. This post delves into why non-nature-based credits not only represent a viable alternative but also the future of carbon markets.
Can the carbon credit markets institutionalise and tokenise at the same time?
Nature-based credits continue to take a beating as a New Yorker investigation reveals that forestry credits sold by South Pole were based on massive exaggeration of impact. Additionally, the investigation has raised serious questions as to the nature of the international financing involved in international nature-based carbon credit projects.
Capturiant is a global environmental asset validator, authenticator, registry, and exchange operating on a regulated private-sector model utilizing distributed ledger technology (DLT) and warranty coverage. The Capturiant team consists of financially regulated and highly experienced staff fluent in securities, banking, custody, valuation, commodities, and digitalization. With this skillset, we are bringing standardized methodologies, rapid processing, and lower-cost validation to an inefficient and outdated industry.Capturiant’s business model leverages DLT and warranty coverage to greatly enhance the trust, transparency, quality, tracking, distribution, retirement, and risk management of environmental assets and ESG instruments. Our process and compliance expertise provides exactly the level of trust and transparency issuers, investors, buyers, and sellers need throughout the entire ESG sector and asset class
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