As a dispatchable energy source with lower carbon emissions than other fossil fuels, natural gas can play an important role in the energy transition and future energy mix, if methane emissions across the gas value chain are controlled.
Methane is the second most important greenhouse gas contributing to approximately 15% of human induced climate change. Agriculture, fossil fuel and the waste sectors are among the highest emitters of anthropogenic methane emissions.
Deep reductions in methane emissions must be achieved if we are to achieve the Paris Agreement target of keeping global temperature rise well below 2 degrees Celsius and as close to 1.5 degrees Celsius as possible. As methane's atmospheric lifespan is relatively short - 10 to 12 years - actions to reduce methane emissions can rapidly contribute to climate change mitigation strategies.
In the first half of 2021, Ipieca in collaboration with SPE, OGCI and IOGP held a series of four webinars to explore oil and gas organizations' efforts to reduce methane emissions:
- Webinar 1: Detection and quantification methods
- Webinar 2: technology and investment focus
- Webinar 3: Policy focus and industry action
- Webinar 4: Satellite data on methane emissions
This insight report provides high-level summaries of the webinars and concise takeaways from each, plus access to the on demand recordings and links to related resources.