Helping clients transition to low-carbon future
Raleigh, North Carolina, US
As companies transition to energy sources with lower emissions, ERM has had many great opportunities to assist our clients on their paths forward.
Watershed events, such as the global climate change agreement developed in Paris at COP21 in December 2015, already have started to have a profound impact on our clients. Having worked with oil and gas companies since the late 1980s on greenhouse gas projects, I see tremendous growth in corporate strategy, inventory and management systems, emissions reduction strategies and offset trading. Using our own technical experts in the carbon market, ERM has been responsible for evaluation and transaction support around carbon capture and geologic sequestration projects, gas flare reduction and renewable energy projects. Because of the experience ERM brings to our projects, we are well-equipped to help companies transition to a low-carbon future.
Legislation in North America has driven the need for companies to take a closer look at their operations. For instance, ERM recently supported a major oil and gas client in conducting a life cycle assessment for carbon intensity of new pathways under the renewable fuel standard in the US and the low-carbon fuel standards in British Columbia and California. The assessment pathways are confidential until they are in the public domain, but did include upstream impacts for different bio-oil feedstocks. This project entailed developing new pathways that had not been modeled before and involved mass and energy balances to derive the model inputs. Our in-depth analysis of supply chain impacts will help our clients develop and assess potential compliance strategies, based on robust technical assessments and practical options to meet new regulatory requirements. This type of work will be essential for businesses operating in a complex and changing regulatory context – along with challenging market conditions.