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    New partnership aims to reduce the risks posed by dry bulk cargoes

    St. Lawrence Seaway resumes traffic as grounded vessel is refloated

    War risks insurance to be offered for vessels in the Black Sea

    War risks insurance to be offered for vessels in the Black Sea

    canada shipwreck

    Ghana imposes strict PSC and fines over MARPOL violations

    American club

    RMI: Failed bursting discs in carbon dioxide fire-extinguishing systems

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    thinking out of the box

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    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

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    aidaprima biofuel

    Russia removes ban on high-sulfer and bunker fuel exports

    QatarEnergy, HHI to construct 17 ultra-modern LNG carriers

    QatarEnergy, HHI to construct 17 ultra-modern LNG carriers

    ABS and Asiatic Lloyd Maritime LLP to explore methanol fuel system conversion

    ABS and Asiatic Lloyd Maritime LLP to explore methanol fuel system conversion

    powercell hydrogen fuel cell

    Two Swedish companies collaborate on hydrogen fuel use

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    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

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    Port of Rotterdam and Yokogawa study ways to increase energy efficiency

    Irish forces found huge quantity of drugs on board ship

    Irish forces found huge quantity of drugs on board ship

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    Gard Club: Industry needs to mature and learn from incidents and human errors

    Gard Club: Industry needs to mature and learn from incidents and human errors

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    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

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    Seafarer Stories: Capt. Cristian Bacanu, Master

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SAFETY4SEA

Reducing methane emissions from oil and gas: A ten-step roadmap for policy makers

by The Editorial Team
January 18, 2021
in Emissions, Offshore
methane emissions

Above image is used for illustration purposes only

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Reducing methane emissions from oil and gas operations is among the most cost-effective and impactful actions that governments can take to achieve global climate goals, said the International Energy Agency (IEA) in a new report.

Although methane has a much shorter atmospheric lifetime than CO2 – around 12 years, compared with centuries for CO2 – it absorbs much more energy while in the atmosphere, so it is a potent greenhouse gas with important implications for climate change.

IEA estimates that the oil and gas sector emitted around 70 Mt of methane (approximately 2.1 Gt CO2-eq)  in 2020 – just over 5% of global energy-related greenhouse gas emissions. Early satellite data suggest that the incidence of large-scale leaks fell in 2020, although some of this likely stems from the major drops in production as a result of the Covid-19 pandemic.

Under the IEA Sustainable Development Scenario (SDS), emissions from this sector will need to fall to around 20 Mt per year by 2030 – a drop of more than 70% from levels in 2020.

In its new report ‘Driving Down Methane Leaks from the Oil and Gas Industry’, IEA suggests that one of the aims of any new policy effort should be to improve measurement and reporting of emissions data, which can in turn lead to more efficient regulatory interventions. However, the current state of information on emissions should not stand in the way of early action on methane abatement.

RelatedNews

Russia removes ban on high-sulfer and bunker fuel exports

UNCTAD: Review of Maritime Transport 2023

Experience shows that countries can take an important “first step” today based on existing tools, which may include prescriptive requirements on known “problem sources” combined with monitoring programmes that seek to detect and address the largest emissions sources (“super emitters”).

See also: Why Shell has set a methane emissions target of below 0.2 % by 2025

There are a number of voluntary, industry-led efforts to reduce methane emissions, and a number of individual companies have announced methane reduction targets in the past year. Nevertheless, an immediate and significant change in ambition is needed to achieve the sorts of reductions that would be consistent with international climate objectives. While industry efforts can and should continue, government policy and regulation will be critical to removing or mitigating obstacles that prevent companies from getting started and going further,

…IEA report reads.

In terms of process, implementing a new policy or regulation should involve three distinct phases:

  • understanding the local setting and circumstances,
  • regulatory design and development, and
  • implementation.

A ten-step roadmap for policy makers

Step 1: Understand the legal and political context

Step 2: Characterise the nature of your industry

Step 3: Develop an emissions profile

Step 4: Build regulatory capacity

Step 5: Engage stakeholders

Step 6: Define regulatory objectives

Step 7: Select the appropriate policy design

Step 8: Draft the policy

Step 9: Enable and enforce compliance

Step 10: Periodically review and refine your policy.

 

Explore more in the IEA report here.

Tags: climate changeIEAmethaneoil and gas industrysm
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