BAKU, Azerbaijan, Dec.14
By Leman Zeynalova – Trend:
Oil and gas industry will work hard to prevent emissions, Trend quoted Dr Axel Wietfeld, CEO of Uniper Hydrogen GmbH as saying.
“Certainly, data on fugitive methane emissions need to improve. But producers must comply with thresholds and are increasingly enhancing their monitoring. In October 2020, the EU has adopted a methane strategy. It will be used to draft legislation this year to establish comprehensive monitoring, verification, and reporting of fugitive methane emissions. Comprehensive monitoring is essential for reducing emissions,” he said.
Wietfeld noted that obviously, petroleum companies’ monitoring must be verified by independent experts.
“Interestingly, without waiting for the findings of monitoring, the EU and the United States have already announced that they will reduce fugitive methane emissions by one third by 2030. In other words, there are clear expectations that the industry will work hard to prevent such emissions. This is extremely important. Because methane is not only an extremely potent GHG; its lifetime in the earth’s atmosphere is fairly short.
This means that any savings we achieve today will have a markedly positive effect on climate targets in just a few years’ time. That’s why it’s important to take swift and effective action against methane emissions. Moreover, these trends make the study’s already extreme assumptions even less realistic,” he added.
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