Driving RSG Demand With Transactable and Trustworthy Data

Emerging Registry Technology is Transforming Environmental Attributes into Valuable Digital Assets

What Are Registries?

The differentiated or Responsibly Sourced Gas (RSG) market is rapidly expanding. Producers and buyers of this differentiated gas commodity want to understand the environmental footprint of the molecules they sell or purchase. This requires documentation, tracking, and book-and-claim capabilities. Hello, Registries.  

Project Canary delivers auditable and verifiable environmental attributes for differentiated commodities such as RSG. This way, how the methane intensity was measured, estimated, or quantified is known. The types of CEM sensors and/or enhanced leak detection devices are known. These attributes are uploaded to a registry — an online list of available assets and their environmental footprints -- that buyers can review before purchasing.

How Are Registries Evolving in 2022?

(Answer: Blockchain. Don't worry! This is different from "crypto")

Blockchains are different from cryptocurrencies. Blockchain is a recordkeeping technology that relies on accurate and trustworthy information. Energy registries need this.

The new blockchain-powered registries — "Registry 2.0" — upload verifiable environmental attributes provided by Project Canary and other reputable environmental data providers directly onto a blockchain. Those attributes include methane intensities and how they are calculated, water use, and other important differentiators. An example is EarnDLT.  

Registry 2.0 solutions offer advantages compared to Registry 1.0 options. 2.0 supports the separation of the physical gas molecules from their environmental data so that they can be distributed and traded separately. This means that the buyer of the natural gas can optionally purchase the environmental attributes to offset their business's footprint. This optionality helps to grow the overall market, incentivizing more energy producers to produce RSG. 

Registry 2.0 gives buyers greater confidence in the accuracy of the data that is the basis for differentiating gas. The data is stored on the blockchain, and real-time marketplaces are enhanced. Transferring molecule ownership from seller to buyer is entirely digital and automatic. Finally, environmental attributes traded on a "Registry 2.0" are automatically retired after use, which avoids double counting.  

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