ICR Program
HomeProjectsCreditsTransactionsInsights
  • Welcome to the ICR program documentation
    • About ICR
      • ICR Team
        • Gudmundur Sigbergsson
        • Olafur "Oli" Torfason
        • Bjorn H. Helgason
        • Thordur "Thor" Agustsson
        • Alondra Silva Munoz
        • Dr. Rannveig Anna Guicharnaud
        • Robert Huldarsson
        • Ria Antil
        • Alvaro Vallejo Rendón
      • ICR's Mission Statement
      • ICR's Context
      • Leadership
        • Leadership and Commitment
        • Policies
          • Quality policy
          • KYC/KYB Compliance Policy
          • Grievance policy
          • Anti-Corruption Compliance Policy
          • Impartiality policy
          • ICR Privacy and Cybersecurity Policy
          • Diversity, Equality, and Inclusion policy
        • Organizational Roles, Responsibilities, and Authorities
          • Leadership
            • Chief Executive Officer (CEO)
            • Chief Operating Officer (COO)
            • Chief Technology Officer (CTO)
            • Chief Product Officer (CPO)
            • Chief Science Officer (CSO)
            • Chief Marketing Officer (CMO)
            • ICR Board
              • Members
                • Daníel F. Jónsson
                • Kristján I. Mikaelsson
              • ICR Board Procedures v3.0
            • ICR Program Advisory Panel
              • Members
              • ICR Program Advisory Panel 3.0
          • ICR Program Advisory Panel
            • Amit Sharma
            • Geetha Gopal
            • Javier Castro
          • Forums
            • ICR Project Proponent and Developer forum
              • ICR Project Proponent and Developer Forum Terms of Reference
            • ICR Stakeholder forum
              • ICR Stakeholder Forum - Terms of Reference
            • ICR VVB forum
              • ICR VVB Forum Terms of Reference
            • ICR Forum Guidelines
            • Forum Application
          • Committees
            • Appeals Committee
              • ICR Appeals Committee Terms of Reference
      • Articles of Association for International Carbon Registry ehf.
  • Fundamentals
    • Climate change
    • Kyoto protocol
    • Paris Agreement
      • Nationally Determined Contributions
      • Carbon Markets Under the Paris Agreement
    • Voluntary Carbon Markets
    • Compensation
      • ÍST 92
      • ISO 14068-1:2023
  • ICR Program
    • Overview
    • Fundamentals
      • ISO
        • ISO 14064
          • ISO 14064-1
          • ISO 14064-2
          • ISO 14064-3
          • ISO 14068-1
      • Project Origination
      • Additionality
      • ICR Registration Process
      • Validation and verification
        • Accreditation
    • Definitions
      • ICR Definitions v3.1
        • Version history
          • ICR Definitions v3.0
          • ICR Definitions v2.0
          • ICR Definitions v1.0
    • Methodology Development
      • Criteria
        • ICR Methodology Requirements v3.0
        • Version history
          • ICR Methodology Requirements 2.0
          • ICR Methodology Requirements 1.0
      • Procedural
        • ICR Methodology Approval Process v3.0
        • Version history
          • ICR Methodology Approval Process v2.0
          • ICR Methodology Approval Process v1.0
      • ICR Methodologies
        • Under development
          • M-ICR001
          • M-ICR002
          • M-ICR003
          • M-ICR004
          • M-ICR005:
          • M-ICR006
          • M-ICR007
          • M-ICR009
          • M-ICR011
        • Approved ICR Methodologies
      • Templates
        • Concept note
          • Older versions
        • Methodology description
          • Older versions
        • Methodology summary
          • Older versions
    • Project development
      • Criteria
        • ICR Requirement Document v6.0
          • Version history
            • ICR Requirement Document v5.0
            • ICR Requirement Document v4.0
      • Procedural
        • ICR Process Requirements v6.1
          • Version history
            • ICR Process Requirements v6.0
            • ICR Process Requirements v5.0
            • ICR Process Requirements v4.0 Final
            • ICR Process Requirements v3.0
        • ICR Article 6 2 procedures v1.0
      • Templates
        • Project concept description (PCD)
          • Older versions
        • Project design description (PDD)
          • Older versions
        • Monitoring report (MR)
          • Older versions
        • Project design description and monitoring report
          • Older versions
        • Letter of attestation
        • Non-performance report
          • Older versions
        • Non-permanence event report
          • Older versions
        • Non-permanence risk assessment
        • Non-performance risk assessment
      • Tools
        • ICR Tool for Environmental and Socio-economic Safeguards and Sustainable Development
      • Approved methodologies, modules and tools
        • ICR approved methodologies, modules and tools v4.0
    • Validation and verification
      • Validation and Verification Bodies
      • Criteria
        • ICR validation and verification specifications v2.0
          • Version history
            • ICR validation and verification specifications v1.0
      • Templates
        • Methodology validation report (MValR)
          • Older versions
        • Validation report (ValR)
          • Older versions
        • Verification report (VerR)
          • Older versions
        • Validation and verification report (ValVerR)
          • Older versions
    • Terms and conditions
      • Terms and Conditions - Users
      • Terms and Conditions - Project
      • ICR Terms and Conditions Market Participants
      • Fee Schedule 2024-2025
      • 🔦ICR KYC/KYB Complience Policy
      • ICR Terms and Conditions - Organizations
        • Older versions
          • ICR Terms and Conditions - Organizations
    • Public consultation
      • Methodologies
        • 2023
          • M-ICR0001
          • M-ICR0002
          • M-ICR0003
          • M-ICR0004
          • M-ICR0005
        • 2024
          • M-ICR0006
        • 2025
          • M-ICR009
          • M-ICR007
          • M-ICR011
      • ICR Program
        • 2023
          • Specifications to guide validation and verification
          • Program revision August 2023
        • 2024
          • Program Revision - July 2024
    • Grievance
      • ICR Grievance process
        • Submit a Complaint
    • Document Library
      • Documents
  • Biodiversity Program
    • Overview
    • Fundamentals
    • Definitions
    • Requirements
      • Templates
        • Concept note
    • Public consultation
    • Document Library
    • Fee Schedule - Biodiversity Pilot Phase 2024-2025
  • Carbonregistry.com
    • Marketplaces
      • Terms and Conditions - Trading Hub
    • On Chain
      • How it works
      • Credit data
      • Contracts
      • Retiring Credits Onchain
    • Registry user guide
      • Introduction
      • Get started
        • Create a user account
          • User profile
            • Authentication
            • Documents
            • API
          • KYC
        • Create an organizational account
          • KYB
      • Account management
        • User account management
        • Organizational account management
          • Projects
          • Users
          • Documentation
          • Settings
          • API
      • Project proponents and developers
        • Registering a project
          • Create a New Project
            • New Project Home Screen
            • Project mitigations
            • Project location
            • Benefits
            • Documents and files
            • People and Organizations
              • People
              • Organizations
            • Home screen tabs
              • Overview
              • Mitigations
              • Benefits
              • Documents
              • People
              • Media
              • VVB
            • Submit for ICR Review
          • Manage a project
          • Transition
          • Page
          • Transition
          • Validation/verification
          • Authorized representatives
          • Finish
        • Credits
          • Ex-ante issuance
          • Ex-post issuance
          • Transferring credits
          • Retiring credits
          • Cancelling credits
        • Side Panel
        • Page 1
      • Organizations
        • Account management
        • Credits
        • Retiring credits
      • Insights
    • API
      • Apps
        • Using ICR apps
          • Approve new permissions
          • Review installations
        • Creating ICR apps
          • About creating ICR apps
            • Best practices
          • Registering an ICR app
            • Permissions
            • Webhooks
              • Webhook actions and payloads
              • Handle deliveries
              • Validate deliveries
              • Handle failed deliveries
            • Callback URLs
        • Authentication
          • Authenticate as an app
          • Generate a JWT
          • Authenticate as an installation
          • App private keys
          • Authenticate as an organization
        • Examples
          • Setting up an ICR app
          • Requesting credit action for organization
          • Interacting with the organization warehouse
      • Endpoints
        • V0.5
          • Apps
          • Organizations
          • Inventory
          • Projects
          • Retirements
          • Warehouse
          • Credits
          • Documents
          • Utility
        • V1 - Beta
          • Organizations
          • Projects
          • Transactions
          • Retirements
          • Credit actions
          • Subaccounts
          • Utility
      • Environments
      • Versions
      • Authentication
    • The Credit Bundler
      • Purchasing Credits
      • Post Purchase: Accepting Credits
  • Quality management system
    • ICR QMS
Powered by GitBook
LogoLogo
On this page
  • Keeping Thermal Coal in the Ground
  • Sectoral scope
  • Status
  • Current Stage:
  • ID:
  • Summary:
  • Documentation and public consultation
  1. ICR Program
  2. Methodology Development
  3. ICR Methodologies
  4. Under development

M-ICR004

8. Mining/mineral production

PreviousM-ICR003NextM-ICR005:

Last updated 2 months ago

Keeping Thermal Coal in the Ground

Sectoral scope

  1. Mining/mineral production

Status

Under validation

Current Stage:

Waiting for completion of validation

ID:

Summary:

“Keeping Thermal Coal in the Ground” methodology focuses on the reduction of GHG emissions through the preservation of thermal coal deposits in the ground. “Recognizing the importance of the conservation and enhancement, as appropriate, of sinks and reservoirs of the greenhouse gases ...” is the Paris Agreement’s guiding principal behind this methodology. By keeping coal in the ground through preservation rather than as using coal as a source of fuel to generate electricity, CO2, methane, and other GHG emissions are avoided.

Coal is responsible for an estimated 40% of global CO2 emissions from energy generation. This makes the burning of thermal coal one of the most significant contributors to carbon dioxide emissions and other environmental pollutants. Additional GHGs released in coal fired power generation include but not limited to nitric oxide (NO), nitrogen dioxide (NO2), and Sulphur dioxide (SO2). Eligible project activities mitigate these GHG emissions issues by preventing thermal coal from being mined, shipped, and burned, thereby preserving the coal in the ground and avoiding the release of harmful CO2 other GHG's that accelerate climate change.

The “Keeping Thermal Coal in the Ground” methodology/business practice disincentivizes coal-fired power generation across the earth by reducing the present and future supply of high-value, high-BTU U.S. thermal coal. The incentive to keep the coal in the ground for 100-years is paid to the coal mineral owner - not the mining company or power generation company. In the United States, nearly 66% of the coal in the ground are owned by persons or entities that are not the U.S. Government.

Reductions in available present and future thermal coal supplies create negative market forces that raises coal prices via supply and demand economics and will lead or force companies to change their business models away from coal fired power generation in a more expedient timeframe. Thus creating “a positive climate contribution.”

The eligible project activities involve incentivizing the mineral owner to not lease the non-stranded thermal coal minerals to a mining company which would lead to the coal being mined, shipped, and burned for power usage either in the U.S. or overseas. The keeping coal in the ground emissions reduction methodology results in a reduction of CO2 emissions equivalent to the amount that would have been generated if the thermal coal were burned. The methodology and projects employ scientifically proven methods for the coal volumetrics and CO2 volume calculations. The methodology abides by a national public company volumetric standard, as it follows U.S. Security Exchange Commission prescriptive guidelines for coal resource delineation are well documented via 17 CFR Parts 220, 230, 239 and 249, commonly referred to as the S-K1300 standards. The CO2 conversions follow proven formulas sch as the U.S. Environmental Protection Agency conversion coal to CO2 formula. This methodology offers a supply-side approach to the reduction of thermal coal usage and reduces greenhouse gas emissions by creating incentives that reduce the supply of thermal coal, thereby increasing prices around the globe and disincentivizing the burning of coal for electricity.


Documentation and public consultation

Version 1.0

Validation ongoing.

Public consultation 6. September 2023 - 4. October 2023

M-ICR0004
M-ICR0004
Carbonregistry.com
Logo
1MB
ICR-Vanquish Carbon Methodology-Description_FINAL 2.3.pdf
pdf
Version 1.0 of M-ICR0004
Page cover image