Progress on methane emissions by energy companies, but numbers still don’t add up
Source: https://news.un.org/en/story/2022/10/1130047
The report, compiled by the International Methane Emissions Observatory, an independent entity launched in 2021 to integrate data and track progress against commitments from companies and governments, indicates that while more companies are now part of a large effort to reduce methane, further progress is needed to reliably quantify industry emissions. “As UNEP’s recent Emissions Gap Report showed, the world is far off track to keep climate change to 1.5°C,” said Inger Andersen, Executive Director of UNEP. "Companies are making progress, but they must move faster and harder. We need more companies to act, and they must be bolder", she added. Yet, total emissions from this year’s reporting by OGMP 2.0 member companies are 1.3 million tons of methane for both operated and non-operated assets. This represents a large discrepancy between the estimates of global industry emissions and the proportional share repod by partnership’s member companies. Although the quality of repod data has improved, the agency warns that the majority of assets are not yet reporting measurement-based emissions, and a significant amount of assets non-operated by OGMP 2.0 member companies haven’t been repod yet.