Consumers have already shown that they’re willing to pay a premium for certain certified environmentally-friendly products, such as low-carbon electricity and shade-grown coffee. Could these markets extend to fossil fuels?
A report by Alan Krupnick of Resources for the Future (RFF) and Clayton Munnings considers whether natural gas is a promising candidate for such product differentiation, where “green” in this paper indicates a lower rate of methane emissions associated with the natural gas supply chain. The authors examine the potential opportunities and issues related to the creation of a market for "green" gas, including emissions measurements, certification options, and more.
On April 24, 2020, RFF hosted the webinar, “Greening Gas: Creating a Market for Low-Methane Natural Gas.” This RFF Live event featured a discussion on the incentives—economic, regulatory, or otherwise—needed to encourage natural gas companies to produce "greener" gas, as well as the certification standards that would need to be established in order to label such a product as “green.”
- Roy Hartstein, Responsible Energy Solutions
- Alan Krupnick, Resources for the Future
- Pam Lacey, American Gas Association
- Charles Mason, University of Wyoming
- Manik Roy, Office of US Representative Diana DeGette (D-CO)