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A practical proposal to reduce wasteful methane emissions in the oil and gas sector

Feb 15, 2022

Policy

A quick win before the Sharm El-Sheikh COP27 meeting in November 2022

At COP26, the European Union and the United States announced a Global Methane Pledge to drastically cut emissions of this potent greenhouse gas. It is supported by 100+ governments, the EBRD, and philanthropies. A practical proposal to reduce wasteful methane emissions in the oil and gas sector is set out in a Blog and Note published by the Center for Global Development, Washington DC. This involves: producing countries who would see local benefits; donors/MDBs who would provide financial and technical assistance; the IMF in its surveillance and tax policy advice; and efforts to ensure that satellite data remain in the public domain. It can provide an early win for the government of Egypt as Chair of COP27.

See also for more information:

https://energycc.com/blogs/a-practical-proposal-on-methane-for-2022-from-climate-pledges-to-action.html

and

https://energycc.com/blogs/a-practical-proposal-on-methane-for-2022-from-climate-pledges-to-action-note.html 

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