Capterio co-presents findings from White Paper on the EU’s “You Collect, We Buy” programme

Today, our CEO – Dr Mark Davis – co-presented some of the findings – on a panel chaired by Euractiv – of a major report just out from the Clean Air Task Force called “Developing an Implementation Plan for You Collect We Buy”. Read the full report here.

As Jonathan Banks from the Clean Air Task Force said, “Firstly, we really need to build momentum amongst governments, companies and banks to prioritise gas capture projects.  Second, we need to establish a coordination framework for interested stakeholders to collaborate.  Third, we need data-driven criterion for projects to qualify for certification and innovative financing”.

Mark Davis from Capterio outlined the opportunity – and some of the barriers that can be overcome to accelerate how they can progress both technically and commercially to be financeable. Key here is to use data, improve the visibility of opportunities, become more creative on commercial models and unlocking financing.

As Aleksander Vigne from the EU outlined, the EU methane regulation will start to change the game, and “You Collect We Buy” could become a carrot to drive change. And as the EU’s Methane Performance Standard starts to become a reality there is a clear win-win as companies and countries compete for access to markets. The methane regulations will come in progressively and help will be offered to countries that need support. True change will require collaboration between suppliers and buyers.

Ebelechukwu Chiatula shared her perspectives from a major National Oil Company and talked about some of the on-the-ground challenges operational leaders face in the field.

Martin Oswald from the World Bank outlined some of the work they are doing on engagement and capacity building. Brandon Locke from CATF talked about how there is a clear imperative to unlock financing and the cost of capital – through innovative instruments such as climate bonds tied to meeting aggressive targets.

Myriam Hammani (Shell) outlined the importance of providing incentives for buyers (including price signals that helps suppliers to respond to demand), the need for robust certification schemes, robust monitoring and more. Georges Tijbosch discussed the design of certification schemes, specifically around 2 principles of (a) independence of the scheme (from operators) and (b) transparency and credibility.

Above: Dave Keating (EURACTIVE), Jonathan Banks (CATF), Ebelechukwu Chiatula (NNPC), Aleksander Vigne (EU) and Mark Davis (Capterio).

Above: Martin Oswald (World Bank GFMR), Brandon Locke (CATF), Myriam Hammani (Shell) and Georges Tijbosch (MiQ).

Thank you to the Clear Air Task Force and for Euractiv for a great conversation!