The Fossil Fuels Hub brings together state and non-state partners to promote significant reductions in methane and black carbon emissions from the oil, gas, and coal industries.
The Hub supports action by:
The fossil fuels sector is responsible for around 35% of global human-derived methane emissions.
Fossil fuel sector methane emissions can be cut by 65% (on 2010 levels) using current technology.
Less than 3% of the income accrued by oil and gas companies in 2022 would cover the investment needed to reduce 75% of methane emissions from oil and gas.
Up to 98% of coal methane mitigation measures and up to 80% of oil and gas methane measures could be implemented at negative or low cost.
The CCAC aims to reduce methane and black carbon emissions from the fossil fuels sector. We aim to reduce methane by at least 45% by 2025, and by 60-75% by 2030.
Current technologies can reduce methane emissions by 71%. To be consistent with 1.5ºC scenarios, by 2030 methane from the fossil fuel sector needs to be reduced by at least 65% compared to 2010 levels. Most measures to capture methane can be done with low or negative cost.
Our goals are to:
To achieve our goals for the fossil fuel sector the CCAC is:
The Fossil Fuel Hub is co-led by Colombia, European Commission, Norway, and United States. Co-leadership by countries ensures government engagement and ownership of the solutions. Co-leads provide valuable insights into the policy process to help ensure implementation is practical from a national perspective.
The Fossil Fuel Leadership Group consists of both state and non-state members that provide guidance and expertise, and connect the Hub to activities underway beyond the CCAC.