EnergyCC - About

EnergyCC works collaboratively with public, private, and civil society organisations on the energy transition. In 2019, EnergyCC developed a methodology to reduce methane emissions from the energy sector. The peer-reviewed publications demonstrate how 60+ producing countries can decarbonize their operations by reducing wasted hydrocarbon natural gas from flaring and venting. Benefits are win-win-win: energy security, energy access, improved health, additional government revenues, climate. Owners and operators of oil and gas assets need to be engaged in these solutions.

See for an overview of our work:
https://energycc.com/blogs/opportunities-to-reduce-methane-emissions-from-oil-and-gas-operations.html

About Us

EnergyCC focuses on collaboration across the energy and finance industries. Therefore, EnergyCC is comprised of experienced individuals with a background in all of these industries. In addition to its leadership, EnergyCC draws on and amplifies the practical work already underway in these industries to speed up, replicate, and scale up successful ongoing approaches. We are particularly motivated to seek the input of young people in the work that we do.

Working together for COP21, EnergyCC catalyzes the energy industry and investors to significantly scale up action.

Rationale

Cutting methane emissions is a practical way towards achieving the UN Sustainable Development Goals and supports climate change mitigation. EnergyCC’s focus is on solutions that exist today. We developed a four-point approach consisting of emissions measurement, transparency, fiscal & regulatory measures, and gas capture. In concert, these measures enable natural gas that would otherwise be wasted to be monetized. Benefits for neighbouring communities include energy access, improved health outcomes and food security. National governments have visibility on multiple benefits, including strengthening energy security and obtaining additional revenues. Globally, these efforts slow the rate of global warming and reduce the adverse impact of emissions on rainfall and regional weather patterns. EnergyCC’s solutions create a ‘win-win-win’. We support organisations and countries that apply this methodology by measuring emissions at asset level, such as most recently in Nigeria. Our goal is it to replicate this knowledge to other countries that aim to reap the benefits from emission reductions.

Funding

EnergyCC does not take funding from companies, trade associations or industry bodies. Funding to date has been received from international organisations and bilateral agencies: the World Bank Group; the United Nations University World Institute for Development Economics Research; and the UK Foreign, Commonwealth & Development Office.

Quick Facts

Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa. The 3% rise, from 145 billion cubic meters (bcm) in 2018 to 150 bcm in 2019, was mainly due to increases in three countries: the United States (up by 23%), Venezuela (up by 16%), and Russia (up by 9%).

Global Gas Flaring Jumps to Levels Last Seen in 2009, The World Bank, GGFR, August 2020

A study comparing the relative climate impact of gas-fired power versus coal-fired power as a function of methane emissions concludes that natural gas is only better for the climate, if total methane emissions along the gas supply chain are less than 3.2%. IEA methane release data indicates that in 2019, 3.8% of produced natural gas was lost due to venting or leaks,

IEA, PNAS on methane emissions, July 2020

DNV GL's global energy transition outlook 2019 forecasts that by 2025 energy related emissions will peak and in 2030 energy demand will plateau due to efficiencies from pervasive electrification; in 2050, fossil fuel supply is half of total energy demand, with share of natural gas share rising to 29%. While 1.5 ^oC carbon budget is exhausted in 2028, global climate change will see ~2.4 ^oC temperature rise by the end of the century, unless the reduced share of GDP spent on energy is used to significantly reduce net emissions further.

DNV GL - Energy Transition Outlook 2019, September 2019

Deployment of Carbon Capture and Sequestration (CCS) will not be optional in implementing the Paris Agreement, but the current rate of progress is falling short of what is required to achieve climate goals

Speeding up Carbon Capture and Storage needed to meet climate goals, International Energy Agency, November 2016

About 100 companies have been responsible for about 71% of the world's greenhouse gas emissions since 1988

CDP, September 2017

Imports of liquefied natural gas (LNG) will set a new record in 2017 on the back of a robust 8.8% growth – the fastest since 2011

LNG Trade in 2017 to Grow Fastest Since 2011 on Low Prices, Lack of Nuclear Power and Rising Supply Capacity, Bloomberg New Energy Finance, September 2017

The shale boom has helped natural gas eclipse coal in America’s power mix in 2016 and it is the only fuel apart from renewables where output is rising

The Energy Market’s Facts Of Life, Bloomberg New Energy Finance, August 2017

At the end of 2016, more than 24% of global electricity was produced by renewables, with capacity rising 10% at much lower cost in 2016

‘Spectacular’ drop in renewable energy costs leads to record global boost, The Guardian, June 2017

Global fossil fuel subsidies, although declined from US$500 bln in 2014 to US$325 bln in 2015 are still more than twice the subsidies for renewables (US$150 bln)

World Energy Outlook 2016 - Executive Summary, International Energy Agency, November 2016

A 2015 study found that air pollution in China is responsible for more than 4,000 deaths per day

Rohde Robert A., and Richard A Muller: Air Pollution in China, Mapping of Concentrations and Sources. PLoS ONE Vol 10, No 8, August 2015

In 2015, advanced energy employs 2.7 million workers in the US, nearly twice as many jobs as building construction, significantly more than agriculture and mining, and equal to supermarkets and grocery stores

Advanced Energy Perspectives, May 2016

Leadership

Sir Mark Moody-Stuart

Special Advisor and Chairman, EnergyCC Advisory Board

Sir Mark Moody-Stuart is former Vice-Chairman of the UN Global Compact Board and former Chairman of the Global Compact Foundation

Kathryn McPhail

CEO

Kathryn is an energy executive with extensive public policy experience, and a sustainable development practitioner with 30 years’ work experience in Asia, Africa and South America. She is a former World Bank/IFC, oil & gas and mining industry executive with FTSE 100 companies

Etienne Romsom

President

Etienne Romsom’s career in the energy industry spans 28 years and his employment included Royal Dutch Shell (23 years), DNV GL (4 years) and since early 2017 he has joined a new company EnergyCC.

In DNV GL, Etienne was Global Executive Vice President responsible for growth and strategy for the Oil & Gas business area and he was a member of the Executive Leadership Team, based in Norway

“We need to scale up industry action on the Paris Agreement (COP21). I strongly support EnergyCC’s efforts to link up already existing industry organisations with investors. This will speed up learning across industries by sharing practical examples and policy frameworks. EnergyCC is an important enabler in replicating and scaling up joint industry projects to support the Paris Agreement.”

– Sir Mark Moody-Stuart

Our Logo

Our logo is part of our corporate identity and represents our commitment to make our positive contribution to arresting Climate Change, improving resilience against its effects and supporting adaptation efforts. The cross-industry platform that we are building is the foundation to our Mission. Our efforts to connect industry organisations for the betterment of planet earth and the global energy needs, are at the centre of our purpose.