Coal companies hope to receive carbon credits for methane reductions
Each year, underground coal mining in the USA liberates 2.4 million tonnes of coal mine methane (CMM), of which less than 30% is recovered and used. One barrier to CMM recovery is cost. Drainage, collection, and utilization systems are complex and expensive to install. Two coal mines have improved the cost equation, however, by signing on to earn money for CMM emissions they are keeping out of the atmosphere. Jim Walter Resources and PinnOak Resources have joined a voluntary greenhouse gas reduction trading program called the Chicago Climate Exchange (CCX) to turn their avoided emissions into carbon credits. The example they set may encourage other coal mining companies to follow suit, and may bring new projects on the line that would otherwise have not gone forward. 2 refs., 1 fig.
- OSTI ID:
- 20947360
- Journal Information:
- Coalbed Methane Extra, Other Information: EPA-430-N-00-004
- Country of Publication:
- United States
- Language:
- English
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