U.N. climate report: Major emissions cuts needed to meet key goals, Delegates try to link environment with economy at UN assembly, Report: Door closing on easy climate solutions, A report released by the International Energy Agency. "We look forward to continue working with all partners involved, as only through collaboration with international organizations, civil society and governments we can deliver on our common goals," Descalzi said. UNEP and the European Commission are also finalising plans to set up an independent International Methane Emissions Observatory (IMEO). The new OGMP2.0 framework is the new gold standard reporting framework that will improve the reporting accuracy and transparency of anthropogenic methane emissions in the oil and gas sector. Thanks to the 62 companies for committing to measure, report and reduce pollution from their core operations and joint ventures. We need ambitious action from the oil and gas industry," Inger Andersen, executive director of the UN Environmental Program, said in a news release. We have performed, and expect to continue to perform, above our stated goal. Methane is responsible for around 15% of total man-made greenhouse gas emissions, with the energy sector producing some one-third of man-made methane emissions. Updated 10:12 AM ET, Wed July 15, 2020 Cattle ranching is a major driver of methane emissions. By assisting industry and governments globally in addressing uncertainty related to reported emissions, the Observatory will improve the consistency and credibility of methane emissions data and accelerate mitigation actions. UN officials hope the new commitment to reduce methane emissions will reinvigorate broader efforts to curb greenhouse gas emissions. "Reducing methane emissions is a crucial effort in the industry's decarbonization pathway," said Claudio Descalzi, CEO of ENI, an Italian multinational oil and gas company. In 2020 Atmos Energy joined ONE Future, which is a coalition of natural gas companies working together to voluntarily reduce methane Efforts to slow climate change have primarily focused on human-caused carbon dioxide emissions, but a growing body of scientific evidence suggests human-caused methane emissions, while not as abundant as CO2 emissions, have been regularly underestimated. As stipulated in the EU methane strategy, the European Commission is planning to elaborate a legislative proposal on compulsory measurement, reporting, and verification for all energy-related methane emissions, building on the OGMP 2.0 framework. Copyright © 2020 United Press International, Inc. All Rights Reserved. IMEO will aggregate and analyse multiple methane emissions data streams, including data reported by OGMP member companies, to accelerate reductions in methane emissions globally. UNEP has been working with major players in the oil and gas industry to reduce methane emissions, but without a reliable monitoring framework, gauging the efficacy of emissions reduction programs and holding emitters accountable is difficult. "UNEP is committed to supporting efforts that reduce methane emissions, and we recognize the leadership of companies that have joined such an ambitious methane reporting framework. This will be the basis for robust standards in Europe, and beyond, that ensure the oil industry takes the practical actions urgently needed for our climate. This 2020 update to the IEA’s methane tracker includes detailed estimates for 2019 that incorporate new data for oil and gas supply as well as the latest evidence … Recent reports by UN scientists have shown current efforts to reduce emissions and slow global warming have fallen well behind the pace need to meet targets set by the Paris Agreement. Scientists estimate as much as three-quarters of methane emissions could be eliminated with technologies that are already available. (CNN) Methane emissions are at their highest … Sixty-two oil and gas companies around the world have agreed to a framework for monitoring and reporting methane emissions, an effort they the industry is "deeply committed to." Methane released directly into the atmosphere is a highly potent greenhouse gas, with more than 80 times the warming power of carbon dioxide over a 20-year period. If the oil and gas industry is able to reduce methane emissions by 90 percent by 2050, their actions would reduce forecasted warming by two-tenths of a degree Celsius. Today’s signature is the first deliverable under the Commission’s recent methane strategy. Reducing methane emissions from the energy sector by 90% would shave two tenths of a degree Celsius from the forecasted rise in the planet’s average temperature by 2050. Half of those reductions, researchers estimate, would come at a zero net cost for oil and gas companies. The goal is to enable the oil and gas industry to realize deep reductions in methane emissions over the next decade in a way that is transparent to civil society and governments. The Paris Agreement, the 2016 agreement reached during the United Nations Framework Convention on Climate Change, calls on signatories to pursue policies that will limit warming to less than 1.5 degrees Celsius above preindustrial levels. In a move that will help tackle one of the biggest and most solvable contributors to the climate crisis, major players in the oil and gas industry agreed today to report methane emissions with a new, much higher level of transparency. Reducing fossil methane emissions by 75 % can prevent up to 6 gigatonnes of carbon dioxide equivalent emissions annually – almost ten per cent of the planet’s 2019 greenhouse gas emissions, including land-use change. UNEP is committed to supporting efforts that reduce methane emissions, and we recognise the leadership of companies that have joined such an ambitious methane reporting framework. A clear commitment to measure and monitor emissions is an important first step for significantly reducing them and I am proud of what we have achieved together. Said Fred Krupp, President of the Environmental Defense Fund. About the Climate and Clean Air Coalition, Oil and gas industry commits to new framework to monitor, report and reduce methane emissions, This site is managed by the Directorate-General for Communication, Aid, Development cooperation, Fundamental rights, Follow the European Commission on social media. On methane specifically, a 2020 study found that global estimates of methane emissions from natural sources have been far too high, suggesting … Leading unmanned aviation company Flylogix has reached a major milestone in a development project pioneering methane emissions monitoring. Said Claudio Descalzi, Chief Executive Officer of ENI. 04/05/2020 11732 views 102 likes. Global Methane Budget 2020 The Global Methane budget for 2000-2017. UN officials expect the OGMP2.0 to help governments and companies to work together to achieve methane emissions reductions of 45 percent by 2025 and 60 to 75 percent by 2030. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the UN Environment Programme (UNEP), the European Commission (EC), and the Environmental Defense Fund (EDF). Kadri Simson, EU Energy Commissioner, said: I am very happy to see the energy industry taking immediate action on methane emissions. Petroleum Technology Alliance Canada and Clean Resource Innovation Network invite you to join us for the annual Methane Emissions Reduction Forum November 4 & 5, 2020 in your own home! In 2019, methane levels topped 2.6 times higher than they were in the year 1750, before the dawn of the industrial era, the WMO report notes — meaning that methane has been accumulating even more rapidly than the other two main greenhouse gases, carbon dioxide (1.5 times pre-industrial levels) and nitrous oxide (1.2 times). Methane's greenhouse gas effect, the efficiency at which it accelerates global warming, is more than 80 times more potent than carbon dioxide over a 20-year period. A report released by the International Energy Agency earlier this year found that the emissions reduction pledges made by the world's five biggest oil and gas companies fall short of progress mandated by the Paris Agreement. Partnering with gas-sensor experts SeekOps and energy majors Total, Chrysaor and BP, Flylogix is developing a measurement technique specifically focussed on offshore asset monitoring. "It is a new step in the fight against methane emissions and our industry is deeply committed to the success of this initiative," Pouyanné said. 2020 Global Methane Budget shows methane emissions heading in the wrong direction with fossil fuel and agriculture sources leading the way Unlike carbon dioxide, atmospheric methane concentrations are rising faster than at any time in the past two decades. Petroleum Technology Alliance Canada and Clean Resource Innovation Network invite you to join us for the annual Methane Emissions Reduction Forum November 4 & 5, 2020 in your own home! Methane emissions are at their highest level ever, with agriculture and fossil fuels the biggest drivers, according to new research. In order to support the realisation of global climate targets, OGMP 2.0 aims to deliver a 45 % reduction in the industry’s methane emissions by 2025, and a 60-75 % reduction by 2030.
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