Under federal legislation, mine operators are permitted to vent mine methane without penalty. GCS' proposal qualifies under California's cap-and-trade system.
GCS will pay a 12.5-cent royalty per million btu flared, plus $5,000 per year per mine in rent. Carbon offsets are currently selling for $5.80 per ton of carbon dioxide equivalent.
According to the EPA, coal mines represent 12 pct of all human-caused methane emissions and are the nation's second largest source of greenhouse gas emissions after CO2. Even so, methane emissions from mines are exempted from regulation under the Clean Air Act because the gas has to be vented from underground coal deposits to prevent lethal explosions.
To calculate the carbon offsets the methane destruction is worth, GCS is relying on Salt Lake City-based consulting firm Bluesource, which will register the offsets with the Climate Action Reserve. They could then be issued California Air Resources Board (CARB) which has
authorized 7 mines to join the offset program. (Source: GCS, CARB, Salt Lake Tribune, Sept., 2017)
Contact: Global Carbon Strategies, C. Kennedy, VP,
1885 Denver West Court, Lakewood, Colorado, 80401, -- phone and email not presently available; Utah School and Institutional Trust Lands Administration, (801) 538-5100, https://trustlands.utah.gov; CARB, (800) 242-4450, firstname.lastname@example.org, www.arb.ca.gov; Bluesource, www.bluesource.com
More Low-Carbon Energy News Bluesource, California ARB, , Global Carbon Strategies, Methane, Carbon Credit ,