What is a Sustainability Voluntary Market?

As a result of the Renewable Fuels Standard, certain members of the transportation fuels value chain are obligated to purchase environmental credits. However, a new Sustainability Voluntary Market is also developing, and is in the initial stages. Whenever you see the term sustainability, know that is just another word for ESG. Companies in this market are voluntarily buying RNG either to improve their ESG scores, or because they are simply trying to do their part to protect the environment. A small but growing sector of LDCs are offering customers RNG. As of September 2020, 15 natural gas utilities had active or under-development voluntary RNG programs for residential, commercial, and industrial customers.