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Collaborating Authors
The private sector has a considerable role to play in supporting the development, testing & deployment of methane detection, measurement and mitigation technologies. In the third webinar of the SPE Climate Series, join us to review incumbent and emerging technologies to reduce methane emissions. The session will start with an overview of technologies available to the industry, and will then be followed by practical examples of solutions offered by service providers in the space. From the financial perspective, OGCI Climate Investments will present its recently announced 2020 call for investments for projects reducing methane emissions. The session will conclude in a panel discussion on the role of the private sector to support such technologies, as well as barriers and opportunities for rapid mitigation action.
- North America > United States > Texas (0.21)
- Europe > Norway (0.17)
- Energy > Oil & Gas > Upstream (1.00)
- Education > Educational Setting > Online (1.00)
- Education > Educational Technology > Educational Software > Computer Based Training (0.89)
Methane is a powerful greenhouse gas, with a Global Warming Potential over 80 times more powerful than carbon dioxide (CO2) in the atmosphere over a twenty-year timeframe. Methane is responsible for about a quarter of today's global warming (IPCC, 2013). If the world is to reach the 1.5 C (or even a 2 C) global temperature target, deep reductions in methane emissions must be achieved by 2030 as part of holistic efforts to meet climate goals under the Paris Agreement (IPCC, 2018). And because methane's atmospheric lifespan is relatively short – 10 to 12 years – actions to reduce methane emissions can rapidly contribute to bend the curve away from dangerous warming, while also delivering air quality benefits. The oil and gas sector is one of the largest man-made emission sources, estimated to be responsible for circa one-quarter of global anthropogenic methane emissions (IEA, 2020) The latest data shows that around 3.6 trillion cubic feet of natural gas escaped into the atmosphere in 2012 from global oil and gas operations.
- Europe (1.00)
- North America > Canada (0.69)
- North America > United States > California (0.47)
- Energy > Oil & Gas > Upstream (1.00)
- Education > Educational Setting > Online (1.00)
- Education > Educational Technology > Educational Software > Computer Based Training (0.86)
Abstract The timely deployment of existing technologies, and new technology innovation, is essential to meet the world's growing energy demand. The pace of technology change will be driven by multiple priorities including development and the eradication of energy poverty, the evolving geography of energy resources and demand, and the need to manage climate change risk. Even with the enormous rewards of technological progress, the pace of major technological change has historically been limited. However change between energy resources (e.g. from wood to coal) and major infrastructures (e.g. from rail to roads) have exhibited transitions of roughly 50 years for each step (inception to global deployment). For technology change to be rapid enough to manage climate risk effectively, may require a pace that is far more rapid than past experience. The creation of policy options to accelerate the pace will be critical. This paper presents findings from a workshop organized by IPIECA to examine issues that drive or inhibit the pace of technology innovation and application for addressing the climate change challenge.
- Asia (0.47)
- South America > Brazil (0.46)
- Energy > Oil & Gas > Upstream (1.00)
- Law > Environmental Law (0.93)
- Energy > Power Industry (0.93)
Tackling methane emissions across the full natural gas value chain requires international cooperation among industries, governments, civil society and NGOs. This webinar introduces the policy context and the voluntary efforts from the O&G industry to reduce methane emissions. The session will review two of the leading initiatives for methane emission reporting (OGMP2.0) In a third phase, OGCI will present its near-zero intensity target by 2025, progress to date, and broader support to engage with the rest of the Natural Gas value chain to reduce methane emissions. The session concludes with a Q&A with the audience.
- Energy > Oil & Gas > Upstream (1.00)
- Education > Educational Setting > Online (1.00)
- Education > Educational Technology > Educational Software > Computer Based Training (0.88)
Abstract REDD+ (Reducing Emission from Deforestation and forest Degradation) has become important element to offset residual hard to abate emissions in the decarbonization strategy of Eni that targets carbon neutrality in 2050. REDD+ projects, implemented within the new mission aligned to the UN Agenda 2030, operate in a context of sustainable development, protecting local forests and biodiversity while also promoting the economic and social development of the hosting communities through diversification of subsistence means and returns of investments in the local economy. Following specific sets of rules and requirements intended to ensure credible and significant integrated co-benefits, such projects can be sensitively designed to bring sustainable livelihoods to local people, reducing poverty while responding to climate change. The payment-for-performance concept ("results-based") integrated in Eni REDD+ projects entails that the implementation, monitoring and verification of REDD+ activities that generate net positive benefits on forest carbon stock and biodiversity (environmental sustainability) are awarded through payments for the verified metric tons of net emission reductions achieved. Through its participation in the governance of such projects, Eni contributes to the selection and design of project activities that consider the risk of reversals, in order to guarantee the long-term financial and ecological sustainability of the project. Based on such working plans, determined through multiple level stakeholder engagement, entities receiving such payments reinvest the proceeds in activities targeting local communities and fostering local development (socio-economic sustainability), through the diversification of livelihoods and income generating activities. These co-benefits are complemented by those benefits linked to the permanence of ecosystem services in the project area, thank to REDD+ activities, upon which many people still depend on. This virtuous cycle emphasizes the importance of non-carbon benefits for the long-term overall sustainability of REDD+ projects. Actions aimed to ensure this shall indeed consider a minimization of the risks of reversals, which in turn requires addressing, among others, local socio-economic needs. Within this context, the role of private sector is fundamental for its technology and innovation capacity needed for REDD+, as well as for its financial availabilities, in order to guarantee sustainable development and foster capacity building. A deeper focus on specific case studies selected from Eni projects will be included in the paper to outline the applicability to the energy sector.