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   <image:caption>Chart shows the historical regional production trends per rig from 2020-2023 and 2024 YTD based on data from the EIA</image:caption>
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   <image:caption>Table of estimated future production by region based on the average monthly number of rigs by basin.</image:caption>
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   <image:title>Figure 1. Whereas a traditional energy resource will only generate electricity, a renewable energy resource will also produce an EAC for every MWh of electricity generated. </image:title>
  </image:image>
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   <image:title>Figure 2. While electrons flow from the renewable energy asset onto the electrical grid, an equivalent EAC is created that can be purchased by a corporate buyer from the project owner or market supplier that bought that EAC initially. Once the EAC is formally retired, that renewable energy and market-based emissions reduction claim can be reflected on the corporate buyer’s annual GHG inventory. </image:title>
  </image:image>
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   <image:title>Figure 3. For an unbundled EAC purchase, the corporate buyer can claim the renewable attributes of that electricity whereas the utility or offtaker of the project can make no such claim. That utility or offtaker only holds the energy that was produced from the project that flowed onto the grid.</image:title>
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   <image:title>Figure 4. Renewable energy buyers should purchase the specific unbundled EAC that corresponds to each country's electricity consumption.</image:title>
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   <image:title>Figure 1. CAISO Congestion Example. Shao, Yue &amp; Zavala, Victor. (2019). Space-Time Dynamics of Electricity Markets Incentivize Technology Decentralization. ((PDF) Space-Time Dynamics of Electricity Markets Incentivize Technology Decentralization (researchgate.net))  </image:title>
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   <image:title>Figure 1: Regulated and Deregulated Wholesale Electricity Markets in the U.S. Deregulated energy markets are labeled and shown in color. Vertically integrated markets are shown in gray. Source: Trio Analysis, S&amp;P Global Market Intelligence, and Mapbox OpenStreetMap   </image:title>
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