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Renewable Natural Gas (Biomethane) Advisory Service
An increasing number of organizations around the world are realizing the benefits of renewable natural gas (RNG), also called biomethane in Europe. RNG presents an exciting opportunity to mitigate greenhouse gas (GHG) emissions from natural gas combustion. However, numerous factors must be considered by organizations to determine whether it’s the right solution for them, including price, feedstock, environmental integrity, and more. The 3Degrees team can guide your organization through these considerations and then work with you to finalize an RNG procurement strategy, seeking solutions such as long-term gas purchase agreements (GPA).
Determining the feasibility of RNG for your organization
RNG, also known as biomethane, is an effective solution for decarbonization. However, due to the nascency of the market, it may not be suitable for all corporate buyers. Before purchasing, organizations must consider the following factors:
- Price
- Feedstocks
- GHG Reporting
- Validity
- Environmental Integrity
- Social and Environmental Co-benefits
While this list covers primary considerations, there are additional factors that our advisory team can walk your organization through when building your RNG strategy.
Once you’re confident that RNG is the best solution for your organization, 3Degrees can help you move forward with procurement. One procurement approach is through a gas purchase agreement (GPA). A GPA is a contract between a corporate off-taker and a project developer to obtain the environmental attributes associated with RNG, normally called renewable thermal certificates (RTCs) or green gas certificates, from a specific renewable energy project or feedstock.