Daphne Technology has announced the approval by Gold Standard of its new carbon credit methodology, which aims to reduce methane emissions from internal combustion engines.
The new ‘Methodology for Reducing Methane Emissions from Combustion Engine Exhaust’ has won approval by Gold Standard, the body that quantifies and certifies the impact of climate-related projects. Daphne Technology partnered with the consulting group FReMCo in producing their innovative carbon credit methodology.
According to the company, the key features of Daphne Technology’s carbon credit methodology are:
- Advanced Methane After-treatment: Methane emissions from combustion emissions are abated using an advanced after-treatment such as Daphne’s SlipPure™ technology. Incentivising quick deployment of methane reduction technologies in existing assets and faster methane emission reductions and impact on the planet.
- Real-Time Measurement: The methodology requires high-accuracy, real-time measurement before and after the abatement system ensuring a robust monitoring of the greenhouse gas emission and its reduction. Daphne’s PureMetrics™ is one such measurement system ensuring a robust verification of the GHG emission and its reduction.
- United Nations Framework Convention on Climate Change (UNFCCC) Approved Methodological tools: The Clean Development Mechanism (CDM) of the UNFCCC developed many carbon credit methodologies. In the process, they also developed a number of “Methodological Tools” that can be used as building blocks to simplify other methodologies. Several CDM methodological tools are used in this methodology. For example, Tool 8 is used to calculate the exact dry tonnes of CO2e emitted and abated. The use of a CDM Tool ensures that the calculation of GHG emissions abated is based on a widely recognised model that is well accepted by the international community and well understood by the scientific community.
- Quantification and Verification: Provides a robust framework for quantifying, monitoring, and verifying methane emission reductions, adhering to principles of transparency and integrity.
- Economic Incentives: Enables companies to generate carbon credits, which can be traded in global markets, providing financial incentives for adopting greener practices. Incentivising reductions of GHG emissions today.
- Broad Applicability: Designed for use in maritime and land-based applications involving internal combustion engines, ensuring wide-scale impact on methane emission reductions. Maximising the resulting GHG reduction and, ultimately, the impact.
Dr Dario Michan, CEO, Daphne Technology: ‘We are thrilled to lead the way in methane emission reduction with this innovative methodology. Methane is a major contributor to global warming, and our approach not only curbs these emissions but also supports industries in their transition to more sustainable practices. As a climate deep-tech leader, it’s natural for us to take a lead in this direction, securing strategies for a better future.’