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Validation & Verification Plan Review for an Oil and Gas Company
December 13, 2022
All Projects, Carbon & Sustainability
In Singapore, the carbon tax is set at a rate of $5 per tonne of GHG emissions (tCO2e). To achieve our climate ambition, the carbon tax will be raised to $80/tCO2e by 2030. Hence, companies are making their effort to improve their energy efficiency and reduce carbon emissions. An international Oil and Gas Company has engaged TEMBUSU Asia Consulting (TAC) to review and endorse their Measurement and Verification (M&V) Plan for the application of the Resource Efficiency Grant for Energy .
As part of the process, our client is required to submit a verified pre-validation and post-verification plan for quantifying the carbon abatement delivered through the project implementation. Our client seeks to reduce their power and fuel consumption by installing a piece of additional equipment to debottleneck the capacity, thus increasing their efficiency while reducing carbon emissions at the same time.
TAC’s services include reviewing M&V plan by conducting validation and verification through rigorous risk assessments, data collection, review of documentary evidence, and interview sessions as well as producing the validation and verification report. This project demonstrates TAC’s commitment to fulfilling SDG 12: Responsible Consumption and Production and SDG 13: Climate Action.