Markets - 17/May/2019

The case for stopping methane leakage

Methane leaks across the supply chain need to be better measured so appropriate steps can be put in place to reduce emissions from this highly potent greenhouse gas

Carbon dioxide is not the only greenhouse gas. Methane, though relatively short-lived, is a much more potent global warming pollutant, with emissions of it from the natural gas supply chain suspected of being vastly underestimated. Regulation is urgently needed to deal with the growing problem, say experts

PROBLEMS
Methane emissions from manmade sources, including the oil and gas industry, are rising. The gas is 120 times more potent than carbon dioxide kilo for kilo when emitted and some 80 times more potent over the first 20 years after it is emitted. It accounts for more than 25% of the warming the world is experiencing

SOLUTIONS
Better measurement by satellites to fully understand the scale of the problem and regulation to ensure urgent action is taken

KEY QUOTE “A 45% reduction in oil and gas methane emissions by 2025 would deliver the same 20-year climate benefit as closing one-third of the world’s coal-fired power plants.”

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