At COP29 in Baku, the European Commission has launched a new Methane Abatement Partnership Roadmap to further accelerate the reduction of methane emissions associated with fossil energy production and consumption, in collaboration with a number of partner countries, international organisations, NGOs and development banks. This new Roadmap provides a blueprint for cooperation between fossil fuel importing and exporting countries, which will support companies in improving their monitoring, reporting and verification systems to reduce methane emissions. Under the Global Methane Pledge, launched by the EU and the U.S., more than 150 countries are now implementing a collective goal of reducing global anthropogenic methane emissions by at least 30% by 2030, from 2020 levels. The Roadmap sets out a series of concrete actions to be undertaken by both sides, such as the adoption of policies and measures including a robust Monitoring, Reporting and Verification (MRV) system building on the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) principles, as well as a project plan to abate emissions from existing assets, providing a clear timeline, investment plan and human resource needs.
These partnerships to accelerate the mitigation of methane emissions were announced by Commission President Ursula von der Leyen at COP28 in Dubai and build on the ‘Joint Declaration from Energy Importers and Exporters on Reducing Greenhouse Gas Emissions from Fossil Fuels’ signed by the United States, the European Union, Japan, Canada, Norway and Singapore at COP27. Following’s the launch of the Roadmap, the first examples of partnership implementation will be showcased at COP30 in Brazil.
Source: European Commission (Energy, Climate change, Environment) | Energy | News (https://shorturl.at/5bS8c)