In most cases, controlling methane emissions from the oil and gas sector is technologically feasible, generates income for companies, and contributes to reducing the climate footprint of oil and natural gas as the world transitions to a low carbon energy system.
A call to action
During the UN Climate Summit this coming September, the Climate and Clean Air Coalition will call on governments to enhance ambition in their Nationally Determined Contributions (NDCs) by joining a Global Alliance to significantly reduce methane emissions from the oil and gas sector.
Countries that join the Global Alliance will commit to either absolute methane reduction targets of at least 45% by 2025 and 60% - 75% by 2030 or to a “near zero” methane intensity target. These are realistic and achievable targets, especially in a sector where technology and financing are largely available, and innovation supports even larger reductions.
International organizations, NGOs and industry leaders that are part of the Global Alliance will support them in achieving those ambitious targets through policy support and sharing of knowledge, technologies, and best management practices.
Commitments at the UN Climate Summit will demonstrate the wide recognition from governments, civil society, and the industry that as long as oil and natural gas are part of the energy mix, it is imperative to improve their environmental performances.
The International Energy Agency estimates the industry could reduce its worldwide emissions by 75 percent—and that up to two-thirds of those reductions can be realized at zero net cost. In fact, managing methane is one of the fastest and most cost-effective ways.
Contact the Global Alliance
If you would like to join the Global Alliance or learn more about it contact: email@example.com and firstname.lastname@example.org.