Energy Exchange

New IPCC report zeroes in on urgency of reducing methane

By Ilissa Ocko / Published: August 9, 2021

The new report by the United Nations Intergovernmental Panel on Climate Change is the direst warning yet that we must rapidly and drastically slash climate emissions around the world and that reducing methane emissions is mission critical.

Though the report includes some important opportunities, it’s a very sober read. Let’s get some of the central but troubling conclusions out of the way.

We’ll likely pass 1.5C earlier than expected

Conducted by more than 200 of the world’s most influential climate scientists, the new assessment concludes we’re on course to surpass 1.5 C of warming by 2040, roughly a decade earlier than predicted in IPCC’s 2018 landmark report. A warming of 1.5 C will likely result in stronger and more frequent heat waves, heavier rainfall and flooding, more severe droughts and more powerful storms.

Also posted in Methane, Natural Gas / Comments are closed

With oil and gas pollution rules restored, what’s next for EPA on methane?

By Rosalie Winn / Published: July 29, 2021

Last month, President Biden signed into law S.J. Res. 14, a Congressional Review Act resolution restoring methane pollution standards for the oil and gas sector by repealing Trump-era rollbacks. With bipartisan backing, Congress passed the measure and rejected the Trump administration’s dangerous weakening of methane protections and its unlawful attempt to prevent the Environmental Protection Agency from setting stronger standards in the future.

With these protections restored, this fall EPA will propose additional standards for both new and existing sources of methane emissions.

Also posted in Colorado, Methane, Natural Gas / Tagged New Mexico, Pennsylvania | Comments are closed

What new Permian research means for U.S. methane policy

By EDF Blogs / Published: June 10, 2021

By Dan Grossman and Ben Hmiel

Newly released research is shedding more light on the largest sources of methane emissions in the nation’s largest oilfield.

Methane is an extremely potent greenhouse gas and has a huge impact on the current rate of global warming. The oil and gas industry is one of the biggest emitters.

Using a helicopter equipped with an infrared camera, we surveyed over a thousand sites across the Permian Basin to get specific information about the types of facilities, equipment and events that make the Permian Basin the highest-polluting oilfield in the country. Three things immediately stood out.

Also posted in Methane, Natural Gas, PermianMAP, Texas / Tagged New Mexico | Comments are closed

Methane controls mean cleaner air on the Navajo Nation

By EDF Blogs / Published: June 4, 2021

By Megan Kelly and Jon Goldstein

Policy action at both the tribal and federal levels this spring is creating promising momentum for cutting down on methane pollution on the Navajo Nation and across the Colorado Plateau, a step in the right direction for tackling climate change. Reducing methane waste would also improve public health and bring much-needed revenue to tribal and state governments.

In late April 2021, the Senate voted to restore an Obama-era U.S. Environmental Protection Agency rule to regulate methane emissions from oil and gas drilling. The Trump administration had previously rolled back this rule and eliminated federal requirements that oil and gas companies detect and fix methane leaks from their operations.

Navajo Nation President Jonathan Nez, Sens. Kyrsten Sinema and Mark Kelly from Arizona; Sens. Martin Heinrich and Ben Ray Luján from New Mexico; and Sens. Michael Bennet and John Hickenlooper from Colorado, all voted in favor of moving toward reinstating those important requirements.

Also posted in Air Quality, Methane, Natural Gas / Tagged New Mexico | Comments are closed

Cutting methane emissions from natural gas gives EU global climate leverage

By Kristina Mohlin / Published: April 7, 2021

Policymakers around the world increasingly recognize that along with carbon dioxide, cutting emissions of methane is critical for reaching the temperature goal of the Paris Agreement. Methane is a key element in the reinvigorated U.S. climate strategy and — for the first time — discussed in China’s latest five-year plan.

Now the EU has a chance to significantly influence methane emission reductions not only within Europe, but globally.

Methane from human activities is responsible for at least 25% of today’s warming. One of the largest emitters is the oil and gas industry. The European Commission Methane Strategy released last October identifies the global oil and gas sector as the most cost-effective opportunity for methane emission reductions.

The key to the EU’s global methane leverage lies in the continent’s vast gas market. A new policy brief by the Florence School of Regulation and Environmental Defense Fund describes policy pathways to unlock the opportunity, while a separate analysis prepared for EDF by Germany’s Enervis Energy Advisors illustrates how a comprehensive policy could offer far-reaching climate benefits.

Also posted in Europe, Methane, Natural Gas / Comments are closed

From carbon accounting to carbon accountability: It’s time for banks to step up

By Ben Ratner / Published: March 31, 2021

The Partnership for Carbon Accounting Financials recently welcomed its 100th member, a milestone that reflects banks’ growing focus on measuring financed emissions. But while robust carbon accounting is necessary for the long term, it is no substitute for action now. To pick up the pace of Paris alignment, banks must begin targeting financed emissions in carbon-intensive sectors immediately.

Improving data and disclosure is a valid long game, with mandatory climate risk disclosure and corporate leadership playing important roles. But financial institutions already have many of the tools and much of the data points needed to ramp up action in carbon-intensive sectors.

Also posted in Methane / Comments are closed