CCG: offset carbon emissions when trading gas on enmacc

As Europe’s largest OTC trading platform, we’ve launched an innovative offering to compensate natural gas carbon emissions and accelerate climate action.

Working alongside leading suppliers in the market, we’re happy to share our latest innovative proposition: carbon compensated gas, a new bundled offering of voluntary emission reduction (VER) certificates and natural gas. VERs come from emission reduction or avoidance projects. RWE Supply & Trading GmbH (RWEST) will be the first provider of carbon compensated gas.

Today, the fast-rising demand to combine natural gas and VER is usually met by customised, individual contracts; there is no combined offering on wholesale markets yet. We’re addressing this need. Jens Hartmann, our CEO, emphasises: “Whilst direct emissions reductions by corporations should be the priority, carbon compensation can play an important complementary role to accelerate climate action. We acknowledge VER as one important mechanism to provide incentives to decarbonize and transfer capital from polluters to projects aiming at capturing, reducing or preserving CO2. We want to be a partner to our clients from the energy industry to transform towards a more sustainable future.”

With RWEST’s carbon offsetting competencies and high-quality worldwide green portfolio, RWE is able to offer carbon compensated gas on our platform. “Many corporates already use carbon offsets to fulfil their net-zero targets as they can currently not fully and directly reach zero emissions within their own operations and value chains. We’re looking forward to now offering this new product to municipalities on enmacc”, says Dr Hendrik Niebaum, head of commodity solutions, RWE Supply & Trading GmbH.

As VER attracts more attention, stakeholders are working to improve standardization, processes, and supply and demand-side integrity to allow for scalability of the market.

Supporting these attempts, we’ll focus on enabling efficient transactions and price discovery on our RFQ marketplace, entender. We want our platform to be elegant, efficient, and scalable, building on our existing architecture as Europe’s largest digital venue for direct, bilateral trading for energy commodities.

In the upcoming months, more European gas suppliers will also offer carbon compensated gas on our platform. Further market participants are also invited to contribute to the project.

Click here to find out more about our upcoming environmental products.