{"id":504,"date":"2025-04-24T10:35:44","date_gmt":"2025-04-24T15:35:44","guid":{"rendered":"https:\/\/research.american.edu\/carbonremoval\/?p=504"},"modified":"2025-05-29T12:47:38","modified_gmt":"2025-05-29T17:47:38","slug":"504","status":"publish","type":"post","link":"https:\/\/research.american.edu\/carbonremoval\/2025\/04\/24\/504\/","title":{"rendered":"Methane and Super Pollutants: A New Pillar to Support Carbon Markets &#8211; Climagination with Jason Grillo"},"content":{"rendered":"<figure id=\"attachment_505\" aria-describedby=\"caption-attachment-505\" style=\"width: 512px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-505\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/unnamed.png\" alt=\"\" width=\"512\" height=\"341\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/unnamed.png 512w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/unnamed-300x200.png 300w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><figcaption id=\"caption-attachment-505\" class=\"wp-caption-text\">Photo by Vincent M.A. Janssen, Pexels<\/figcaption><\/figure>\n<p><b>Methane and Super Pollutants: A New Pillar to Support Carbon Markets<\/b><\/p>\n<p><i><span style=\"font-weight: 400\">Controlling super pollutant emissions can have a rapid, outsized impact on climate change, while offering high quality carbon credits. Markets are taking notice.<\/span><\/i><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">Hello once more, and thank you for reading!<\/span><\/p>\n<p><span style=\"font-weight: 400\">Good things often come in fours &#8211; the ancient Greeks believed in four elements of earth, air, fire, and water; The Three Musketeers had Athos, Porthos, Aramis, <\/span><i><span style=\"font-weight: 400\">and D\u2019Artagnan<\/span><\/i><span style=\"font-weight: 400\">; and the Beatles were a (Fab) Four.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The same can be true for carbon markets. To date voluntary and compliance sectors have stood on three major pillars of credit classes: avoidance (including RECs and REDD+), nature based solutions, and durable carbon dioxide removal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Today I\u2019m going to provide an overview on what I believe to be the <\/span><b>fourth <\/b><span style=\"font-weight: 400\">\u2018pillar\u2019 of carbon markets: methane and super pollutant elimination credits. Controlling emissions of these non-CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\"> gases are crucially important for shaving off near-term temperature increases as they have an outsized impact on global warming relative to CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\">. While I\u2019m going to synthesize from a wide variety of sources, most of my focus will be on methane as the super pollutant most responsible for warming to date.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is not to say that we don\u2019t need crediting for CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\"> &#8211; rather that a portfolio approach that includes the all important \u201ce\u201d in CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><b>e<\/b><span style=\"font-weight: 400\"> for \u2018equivalent\u2019, which can change the shape of carbon markets and provide an important tool for supporting climate action.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Here\u2019s three questions I\u2019m going to address briefly:<\/span><\/p>\n<ol>\n<li style=\"list-style-type: none\">\n<ol>\n<li style=\"font-weight: 400\"><b>Why are Super Pollutants so important?<\/b><\/li>\n<li style=\"font-weight: 400\"><b>How are solutions for them created today?<\/b><\/li>\n<li style=\"font-weight: 400\"><b>What makes this new category \u2018real\u2019 in carbon markets?<\/b><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<h3><b>Why are Methane and Super Pollutants so important?<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Methane, nitrous oxide, and ozone depleting fluorocarbons account for a significant portion of climate change forcing that we are experiencing today. Methane emissions are responsible for about<\/span><a href=\"https:\/\/www.edf.org\/climate\/methane-crucial-opportunity-climate-fight\"> <span style=\"font-weight: 400\">30% of recent warming<\/span><\/a><span style=\"font-weight: 400\"> , and nitrous oxide has caused about<\/span><a href=\"https:\/\/www.unep.org\/resources\/report\/global-nitrous-oxide-assessment\"> <span style=\"font-weight: 400\">10% of warming<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Even though super pollutant concentrations are much lower than CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\"> in the atmosphere (e.g. methane is at around ~2ppm vs CO<\/span><span style=\"font-weight: 400\">2<\/span><span style=\"font-weight: 400\">\u2019s 420ppm), super pollutant gases have a high global warming potential as measured over a 100 year time period relative to CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\">:<\/span><\/p>\n<figure id=\"attachment_506\" aria-describedby=\"caption-attachment-506\" style=\"width: 987px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-506\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/65c21baa-f182-4af8-882a-b2d67c54ae70_987x383.png\" alt=\"\" width=\"987\" height=\"383\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/65c21baa-f182-4af8-882a-b2d67c54ae70_987x383.png 987w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/65c21baa-f182-4af8-882a-b2d67c54ae70_987x383-300x116.png 300w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/65c21baa-f182-4af8-882a-b2d67c54ae70_987x383-768x298.png 768w\" sizes=\"auto, (max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><figcaption id=\"caption-attachment-506\" class=\"wp-caption-text\">Chart from Ghgprotocol.org<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Eliminating these emissions are a huge opportunity for impactful climate action to manage as outlined in the US National Academy of Science Engineering and Math<\/span><a href=\"https:\/\/www.nationalacademies.org\/our-work\/atmospheric-methane-removal-development-of-a-research-agenda\"> <span style=\"font-weight: 400\">report in 2024.<\/span><\/a><span style=\"font-weight: 400\"> Targeting non-CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\"> greenhouse gases can shave off significant risks from climate change before 2050:<\/span><\/p>\n<figure id=\"attachment_507\" aria-describedby=\"caption-attachment-507\" style=\"width: 924px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-507\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/a3e794f8-bcb3-4eec-a3e9-72cf6713e9b7_924x609.jpg\" alt=\"\" width=\"924\" height=\"609\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/a3e794f8-bcb3-4eec-a3e9-72cf6713e9b7_924x609.jpg 924w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/a3e794f8-bcb3-4eec-a3e9-72cf6713e9b7_924x609-300x198.jpg 300w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/a3e794f8-bcb3-4eec-a3e9-72cf6713e9b7_924x609-768x506.jpg 768w\" sizes=\"auto, (max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><figcaption id=\"caption-attachment-507\" class=\"wp-caption-text\">Source: NASEM, 2024<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The speed of change by managing methane emissions is striking. Because the CH<\/span><sub><span style=\"font-weight: 400\">4<\/span><\/sub><span style=\"font-weight: 400\"> molecule is active and unstable, it breaks down within 15 years &#8211; so stopping emissions <\/span><i><span style=\"font-weight: 400\">now <\/span><\/i><span style=\"font-weight: 400\">could lead to a rapid decline in atmospheric concentrations. To use the famous \u2018bathtub\u2019 metaphor, it\u2019s not just that stopping water entering the tub means that the water doesn\u2019t rise anymore: it means that the excess water (i.e. ambient atmospheric methane) will disappear in a fraction of the time relative to CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The result, per<\/span><a href=\"https:\/\/www.pnas.org\/doi\/full\/10.1073\/pnas.2123536119\"> <span style=\"font-weight: 400\">Dr. Gabriel Dreyfus et al<\/span><\/a><span style=\"font-weight: 400\">:<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cnon-CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\"> targeted measures when combined with decarbonization can provide net cooling by 2030 and reduce the rate of warming from 2030 to 2050 by about 50%, roughly half of which comes from methane\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">In other words, we can slow down global warming by focusing activity on methane and other non-CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\"> super pollutants.<\/span><\/p>\n<figure id=\"attachment_508\" aria-describedby=\"caption-attachment-508\" style=\"width: 924px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-508 size-full\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/04b3d3df-4d84-40fa-8103-2f519de8b728_924x430.jpg\" alt=\"\" width=\"924\" height=\"430\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/04b3d3df-4d84-40fa-8103-2f519de8b728_924x430.jpg 924w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/04b3d3df-4d84-40fa-8103-2f519de8b728_924x430-300x140.jpg 300w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/04b3d3df-4d84-40fa-8103-2f519de8b728_924x430-768x357.jpg 768w\" sizes=\"auto, (max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><figcaption id=\"caption-attachment-508\" class=\"wp-caption-text\">Source: NASEM 2024<\/figcaption><\/figure>\n<h3><b>How do we create solutions for Super Pollutants?<\/b><\/h3>\n<p><span style=\"font-weight: 400\">To start, the atmospheric science community is advancing rapidly to pinpoint hotspots now visible through satellite imagery or other detection solutions. Turning off these excess emission sources at the metaphorical spigot enables businesses to generate emissions avoidance credits. Destroying these gases as well is a credit generating project.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Considering methane, major emission sources include but are not exclusively:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Oil and Gas extraction, transport, and distribution<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Livestock enteric methane emissions<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Landfill emissions<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Wastewater processing emissions<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Agricultural emissions, particularly rice farming<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Permafrost emissions<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Wetland emissions<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Businesses are springing up to develop solutions for reducing Super Pollutant emissions, building revenue streams on emissions mitigation or destruction credits. Crediting mechanisms for these activities are coming online as well, especially as new projects deploy to manage the different classes of super pollutants.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Note: Methane credits today are <\/span><i><span style=\"font-weight: 400\">emission avoidance<\/span><\/i><span style=\"font-weight: 400\"> credits. While the prospect of ambient methane <\/span><i><span style=\"font-weight: 400\">removal<\/span><\/i><span style=\"font-weight: 400\"> is quite exciting, the technology may be many years away from field deployment and commercialization at the time of this writing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the voluntary carbon market, several crediting methodologies are in place already, and their registries have been issuing credits. Projects for landfill methane emissions have been in existence for several years, using<\/span><a href=\"https:\/\/climateactionreserve.org\/how\/protocols\/\"> <span style=\"font-weight: 400\">Climate Action Reserve<\/span><\/a><span style=\"font-weight: 400\"> and<\/span><a href=\"https:\/\/verra.org\/program-methodology\/vcs-program-standard\/vcs-program-methodologies-active\/\"> <span style=\"font-weight: 400\">Verra<\/span><\/a><span style=\"font-weight: 400\"> for methane management crediting based on activities with landfills, livestock, and coal mines.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other registries and registry endorsing bodies are taking notice as well, with American Carbon Registry and the International Carbon Registry (ICR) creating methodologies for capping<\/span><a href=\"https:\/\/acrcarbon.org\/methodology\/plugging-orphaned-oil-and-gas-wells\/\"> <span style=\"font-weight: 400\">orphaned<\/span><\/a><span style=\"font-weight: 400\">,<\/span><a href=\"https:\/\/verra.org\/methodologies\/methodology-for-plugging-oil-and-natural-gas-wells-to-reduce-ghg-emissions\/\"> <span style=\"font-weight: 400\">abandoned<\/span><\/a><span style=\"font-weight: 400\">, or<\/span><a href=\"https:\/\/www.carbonregistry.com\/methodologies\/m-icr-0006\"> <span style=\"font-weight: 400\">marginally producing<\/span><\/a><span style=\"font-weight: 400\"> oil and gas wells &#8211; noting that ICROA<\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/icr-receives-unconditional-icroa-endorsement-solidifying-commitment-to-high-integrity-carbon-credits-302365317.html\"> <span style=\"font-weight: 400\">granted unconditional endorsement<\/span><\/a><span style=\"font-weight: 400\"> to ICR in January 2025. Furthermore, in June 2024, the Integrity Council for Voluntary Carbon Markets<\/span><a href=\"https:\/\/icvcm.org\/integrity-council-announces-first-high-integrity-ccp-labelled-carbon-credits-as-assessments-continue\/\"> <span style=\"font-weight: 400\">approved using the Core Carbon Principle label<\/span><\/a><span style=\"font-weight: 400\"> on 27 million issued methane and ozone-depleting substance destruction credits. These quality labels are crucial for establishing trust in the credits and projects that they issue from.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For nitrous oxide, 40% of emissions are from human activities, primarily from agriculture, per the IPCC, so efforts at stopping emissions in that economic sector would be a path forward &#8211; enough to warrant a<\/span><a href=\"https:\/\/www.carbonregistry.com\/methodologies\/m-icr-011\"> <span style=\"font-weight: 400\">methodology for crediting nitrous oxide photocatalysis.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">Ozone Depleting Substances (ODS) such as CFCs and HCFCs typically come from leaking older refrigerant systems. Collecting and destroying these containers to create carbon credits is painstaking project work, but which offers financial incentives to<\/span><a href=\"https:\/\/tradewater.us\/\"> <span style=\"font-weight: 400\">build a business.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">Beyond voluntary markets, <\/span><i><span style=\"font-weight: 400\">compliance<\/span><\/i><span style=\"font-weight: 400\"> markets have protocols as well for projects that collect and destroy Ozone Depleting Substances, with projects generating credits that have been traded systems in<\/span><a href=\"https:\/\/climateactionreserve.org\/how\/protocols\/industrial\/ozone-depleting-substances\/\"> <span style=\"font-weight: 400\">California<\/span><\/a><span style=\"font-weight: 400\"> and<\/span><a href=\"https:\/\/climateactionreserve.org\/washington-cap-and-invest-offsets\/\"> <span style=\"font-weight: 400\">Washington State<\/span><\/a><span style=\"font-weight: 400\">. Based on voluntary market price points for non-CO<\/span><span style=\"font-weight: 400\">2<\/span><span style=\"font-weight: 400\"> credits (more on this shortly), these credits trade at or below Washington and California compliance market clearing prices\u00b9<\/span><span style=\"font-weight: 400\">, as well as below UK and EU ETS prices at the time of this writing.\u00b2<\/span><\/p>\n<h3><b>What makes the Super Pollutant opportunity real for carbon markets?<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Several factors are key drivers, including price, co-benefits profile, and third-party rated quality measures<\/span><b><i>.<\/i><\/b><\/p>\n<p><b><i>Price points.<\/i><\/b><span style=\"font-weight: 400\"> These projects are coming into the market at a price that is within the range conducive to adoption in voluntary and compliance markets. The table below that summarizes the four major pillars, with price points, supplied by<\/span><a href=\"http:\/\/www.pinwheel.earth\/downloads\/pinwheel-carbon-market-outlook-2025\"> <span style=\"font-weight: 400\">Robert Cheesewright and Tom Fallows at Pinwheel:<\/span><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-509\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/3d280257-402b-4f0b-9046-7e1bece6e494_696x294.png\" alt=\"\" width=\"696\" height=\"294\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/3d280257-402b-4f0b-9046-7e1bece6e494_696x294.png 696w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/3d280257-402b-4f0b-9046-7e1bece6e494_696x294-300x127.png 300w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><\/p>\n<p><span style=\"font-weight: 400\">The price point of the \u2018second generation avoidance\u2019 credits stands out, sitting between first generation avoidance and higher priced durable carbon removal, and roughly at the same level as Nature-based <\/span><span style=\"font-weight: 400\">solutions. Considering strictly price and quantity of credits, this price point would suggest that methane and super pollutant projects would be able to command the same transaction volume as large quantity nature based projects. In fact, there are some hints at this already with Guacolda Energia<\/span><a href=\"https:\/\/www.linkedin.com\/posts\/reid-calhoon_record-breaking-month-for-methane-credits-activity-7302724030950752256-1rU8\/\"> <span style=\"font-weight: 400\">retiring 2.3 million methane credits<\/span><\/a><span style=\"font-weight: 400\"> in February 2025.<\/span><\/p>\n<p><b><i>Co-Benefits.<\/i><\/b><span style=\"font-weight: 400\"> The co-benefits narrative behind methane and super pollutant credits are more challenging to tell in comparison to more compelling stories surrounding other types of credit projects. Put bluntly, nature-based, carbon removal, REDD+ or REC credit projects have found an easier time to weave their story into ESG reporting and speak to the community story behind projects. Qualitatively, as<\/span><a href=\"https:\/\/calyxglobal.com\/research-hub\/news\/500-calyx-ratings-what-have-we-learned\/\"> <span style=\"font-weight: 400\">noted by Calyx Global ratings<\/span><\/a><span style=\"font-weight: 400\">, methane and Super Pollutant credits are not as \u2018charismatic\u2019 as many other classes of credits, and as such may be undervalued by carbon markets.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><b><i>Credit Quality.<\/i><\/b> Building on the co-benefits stories, Calyx notes that these \u2018uncharismatic\u2019 super pollutant projects tend to have a higher credit rating than their more \u2018charismatic\u2019 counterparts:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-510\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/8d7e5d74-0633-4140-8cd4-87af34dd2139_1600x815-1024x522.png\" alt=\"\" width=\"525\" height=\"268\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/8d7e5d74-0633-4140-8cd4-87af34dd2139_1600x815-1024x522.png 1024w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/8d7e5d74-0633-4140-8cd4-87af34dd2139_1600x815-300x153.png 300w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/8d7e5d74-0633-4140-8cd4-87af34dd2139_1600x815-768x391.png 768w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/8d7e5d74-0633-4140-8cd4-87af34dd2139_1600x815-1536x782.png 1536w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/8d7e5d74-0633-4140-8cd4-87af34dd2139_1600x815.png 1600w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p><span style=\"font-weight: 400\">This is not to say that \u2018charismatic\u2019 projects are bad &#8211; far from it &#8211; or that their quality ratings won\u2019t improve &#8211; they likely will over time with more rigorous methodologies and enhanced project management practices and technologies. That said, in the current carbon market environment which is seeing a preference to quality measures, credit purchasers are demanding more Super Pollutant credits.<\/span><\/p>\n<p><b><i>Market results. <\/i><\/b><span style=\"font-weight: 400\">In light of the trends above, the methane and super pollutant credit purchases and retirements are expanding rapidly. To wit, 2024 methane credit retirement volume increased 70% over 2023. Reaching nearly 4.4 million credits in that calendar year\u00b3,<\/span><span style=\"font-weight: 400\"> methane alone representing about 2.5% of the 175 million voluntary carbon market retirements in 2024.<sup>4<\/sup><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-511\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/13e80618-d03e-4825-b5e8-09cebe47afef_1600x900-1024x576.png\" alt=\"\" width=\"525\" height=\"295\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/13e80618-d03e-4825-b5e8-09cebe47afef_1600x900-1024x576.png 1024w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/13e80618-d03e-4825-b5e8-09cebe47afef_1600x900-300x169.png 300w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/13e80618-d03e-4825-b5e8-09cebe47afef_1600x900-768x432.png 768w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/13e80618-d03e-4825-b5e8-09cebe47afef_1600x900-1536x864.png 1536w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/13e80618-d03e-4825-b5e8-09cebe47afef_1600x900.png 1600w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p><span style=\"font-weight: 400\">This trend is continuing in 2025 as well, with Q1 non-CO<sub>2<\/sub> retirements seeing the largest number of non-CO<\/span><sub><span style=\"font-weight: 400\">2<\/span><\/sub><span style=\"font-weight: 400\"> gas credit retirements on record per MSCI<\/span><span style=\"font-weight: 400\">.<sup>5<\/sup><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-512\" src=\"http:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/68c3c697-1525-4b1e-9bd4-73e029f2d313_1395x777-1024x570.jpg\" alt=\"\" width=\"525\" height=\"292\" srcset=\"https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/68c3c697-1525-4b1e-9bd4-73e029f2d313_1395x777-1024x570.jpg 1024w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/68c3c697-1525-4b1e-9bd4-73e029f2d313_1395x777-300x167.jpg 300w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/68c3c697-1525-4b1e-9bd4-73e029f2d313_1395x777-768x428.jpg 768w, https:\/\/research.american.edu\/carbonremoval\/wp-content\/uploads\/sites\/3\/2025\/04\/68c3c697-1525-4b1e-9bd4-73e029f2d313_1395x777.jpg 1395w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p><span style=\"font-weight: 400\">The market conditions for this growth are making for a methane and super pollutant moment. The growth of retirements in voluntary markets suggests that corporates prefer highly rated quality credits at a price point approximately akin to nature-based ARR, IFM, or soil carbon credits. The advent of new technologies, new projects, new crediting methodologies and (most importantly) the endorsement of registries themselves by quality monitoring bodies is a key driver of this trend. These are reasonably priced, high quality credits, though project co-benefits outside of emissions reduction is a hindrance.<\/span><\/p>\n<h3><b>Conclusion<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Methane and Super Pollutant Elimination credits are an unheralded and rapidly growing segment of the market. These projects offer clear and direct climate benefit in the near term, and are settling in at prices and volumes that suit the needs of voluntary and compliance markets. As such, they slot in nicely to a <\/span><span style=\"font-weight: 400\">portfolio as a fourth \u2018pillar\u2019 alongside traditional avoidance offsets, nature based credits, and durable carbon removal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">My take:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Super pollutant emissions represent a clear and actionable, though overlooked, focus area in climate.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Action to reduce methane emissions in particular can lead to significant climate impact in short order.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Several solution pathways are in place already with more under development.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Carbon credit markets are expanding rapidly for these emission reducing or destroying activities.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">What do you think?<\/span><\/p>\n<p><b><i>Jason Grillo is the Principal of <\/i><\/b><a href=\"http:\/\/www.earthlight.io\"><b><i>Earthlight Enterprises<\/i><\/b><\/a><b><i> marketing consultancy, Co-Founded AirMiners, and is a voluntary contributor to CDR.FYI. The opinions expressed in this writing are the author\u2019s own and do not reflect the position of any employer or associated organization.<\/i><\/b><\/p>\n<p><sup>1<\/sup><span style=\"font-weight: 400\">Washington State March 2025 auction settled at $<\/span><a href=\"https:\/\/apps.ecology.wa.gov\/publications\/documents\/2514003.pdf\"><span style=\"font-weight: 400\">50 per allowance<\/span><\/a><span style=\"font-weight: 400\">, California + Quebec combined markets auction in February 2025 settled<\/span><a href=\"https:\/\/ww2.arb.ca.gov\/sites\/default\/files\/2025-02\/nc-feb_2025_summary_results_report.pdf\"> <span style=\"font-weight: 400\">at $29.27 USD<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><sup>2<\/sup><span style=\"font-weight: 400\">65 EUR\/ton for the EU ETS, $47 USD\/ton for UK ETS. Source: https:\/\/carboncredits.com\/carbon-prices-today\/ accessed April 19, 2025<\/span><\/p>\n<p><sup>3<\/sup><span style=\"font-weight: 400\">Thanks to<\/span><a href=\"https:\/\/climatewells.com\/\"> <span style=\"font-weight: 400\">ClimateWells<\/span><\/a><span style=\"font-weight: 400\"> for posting this data on<\/span><a href=\"https:\/\/www.climatewells.com\/blog\/methane-credits-the-unsung-hero-of-the-voluntary-carbon-market\"> <span style=\"font-weight: 400\">their blog<\/span><\/a><span style=\"font-weight: 400\"> and their CEO Reid Calhoon for placing Q1 charts on LinkedIn.\u00a0 <\/span><\/p>\n<p><sup>4<\/sup><span style=\"font-weight: 400\">Sylvera,<\/span><a href=\"https:\/\/www.sylvera.com\/reports\/state-of-carbon-credits-2024-report#:~:text=2024%20witnessed%20a%20dynamic%20year,shifts%20are%20reshaping%20the%20market.\"> <span style=\"font-weight: 400\">The State of Carbon Credits 2024 <\/span><\/a><\/p>\n<p><sup>5<\/sup><span style=\"font-weight: 400\">Posted on LinkedIn by ClimateWells CEO, Reid Calhoon,<\/span><a href=\"https:\/\/www.linkedin.com\/posts\/reid-calhoon_in-2025-the-purchase-of-methane-credits-activity-7318288640499937280-WUZc?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAAAVKlYBu_OG37jn-qv5J4SqwelTgA_qAec\"> <span style=\"font-weight: 400\">here<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Methane and Super Pollutants: A New Pillar to Support Carbon Markets Controlling super pollutant emissions can have a rapid, outsized impact on climate change, while offering high quality carbon credits. Markets are taking notice. Hello once more, and thank you for reading! Good things often come in fours &#8211; the ancient Greeks believed in four &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/research.american.edu\/carbonremoval\/2025\/04\/24\/504\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Methane and Super Pollutants: A New Pillar to Support Carbon Markets &#8211; Climagination with Jason Grillo&#8221;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,65],"tags":[],"class_list":["post-504","post","type-post","status-publish","format-standard","hentry","category-blog-post","category-climagination"],"_links":{"self":[{"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/posts\/504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/comments?post=504"}],"version-history":[{"count":0,"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/posts\/504\/revisions"}],"wp:attachment":[{"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/media?parent=504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/categories?post=504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/research.american.edu\/carbonremoval\/wp-json\/wp\/v2\/tags?post=504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}