International Gas Union Calls for Clarity on the Role of Market Instruments for Renewable Gases

The International Gas Union (IGU) has co-signed an Open Letter addressed to the GHG Protocol, calling for the recognition of green gas as part of a global effort to accelerate the decarbonisation of corporates and industries.

“Let Green Gas Count” calls for clarity on the role of market instruments for renewable gaseous fuels in the Greenhouse Gas (GHG) Protocol. To fully unlock the potential of low-carbon green gas solutions, the Protocol must evolve to reflect the role of robust market instruments, as the guidance that previously provided a necessary investment certainty on the renewable gas market has been withdrawn.

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IGU’s Director for Strategy and Advocacy, Mark McCrory, commented on IGU’s decision of co-signing this Open Letter that “the global gas industry is already rising to the decarbonisation challenge, innovating and collaborating to develop lower-carbon technologies – including renewable gaseous fuels. Creating the right market signals for investors will be critical in deploying these technologies at scale. The IGU therefore believes that the GHG Protocol must fully recognise established market-based instruments such as renewable gas certificates to provide clarity to investors and drive the decarbonisation of industry and corporates.”

Consequently, IGU is asking the GHG Protocol to:

1) Adopt a market-based approach for renewable gases in Scope 1 Inventory, for both fuel and feedstock applications. This approach could be part of the dual-reporting structure which includes both the location-based and market-based approach.

2) Issue an Interim Statement in the first half of 2025 confirming that robust market instruments will be recognised in GHG inventories, offering clarity and confidence for stakeholders as final standards are being developed.