Bloom Energy Makes Corporate Commitment to Convert Natural Gas Fleet to Responsibly Sourced Gas
The Methane Challenge
Until sustainable alternatives become more widely available at scale, we need to ensure that the energy sources we rely upon, like natural gas, have minimal climate impact.
Reducing methane emissions from oil and gas operations is among the most viable and significant actions we can take in the near-term to help address climate change.
Methane is a powerful greenhouse gas – at least 84 times more potent than carbon dioxide (CO2) on a 20-year time scale.
While progress has been made over recent decades to curb methane emissions, 75 percent of these emissions from oil and gas production can be technically eliminated today.
Achieving methane reductions stemming from the oil and gas sector is the carbon equivalent of replacing 60 percent of the world’s coal-fired power plants with zero-emissions generation.
What is Responsibly Sourced Gas (RSG)
Responsibly sourced gas is natural gas, whose production has been evaluated across a range of social, environmental, and governance criteria (including climate, community and labor issues).
Once validated, RSG considerations or “attributes” can flow to downstream buyers attached to the underlying fuel, or “un-bundled” and acquired to be paired with fuel purchases from conventional sources as is done in other environmental commodity markets (e.g. Renewable Energy Credits).
What is MiQ Certified Gas
The MiQ Standard incentivizes continuous improvement in methane emissions monitoring and abatement (such as leaky equipment and identifying undetected emissions) and halts purposeful polluting, providing rigorous and robust methods to certify natural gas production according to its methane emissions performance.