Voluntary Mechanisms for Methane Emissions Management
Not reinventing the wheel
The required Company Practices and performance criteria within the MiQ Standard have been guided by best practices identified in policy, voluntary programs, and guidance documents. Examples of voluntary programs are outlined below. These programs can provide further resources for Facilities in developing Company Practices for effective Methane Emissions management.
Methane Guiding Principles (MGP)
The Methane Guiding Principles (MGP) is a multi-stakeholder partnership between industry and non-industry organizations. It has a focus on priority areas for action along the natural gas supply chain, from production to the final consumer.
MGP Provides a best practice toolkit including Best Practice Guides, a Methane Cost Model, and a Gap Assessment Tool. Best Practice Guides include:
- Engineering Design and Construction
- Energy Use
- Equipment Leaks
- Pneumatic Devices
- Operational Repairs
- Continual Improvement
- Identification, Detection, Measurement and Quantification
Oil and Gas Climate Initiative (OGCI)
The Oil and Gas Climate Initiative (OGCI) is a coalition of twelve oil and gas companies that are working to support the Paris Agreement and its aims by reducing the methane and carbon intensity of their operations, and investing in and otherwise supporting emissions reductions in the industry. The OGCI member companies have committed, by 2025, to an upstream methane intensity of 0.25% and an upstream carbon intensity of 20-21 kg CO2e/boe.
The Climate and Clean Air Coalition (CCAC)
The Climate and Clean Air Coalition is a voluntary partnership formed by specific Governments and the United Nations Environment Programme (UNEP), which brings together stakeholders committed to improving air quality and mitigating climate change through actions to reduce short-lived climate pollutants. The Mineral Methane Initiative works to promote significant reductions in methane and black carbon emissions from the oil and gas sector.
Oil and Gas Methane Partnership (OGMP)
The Oil and Gas Methane Partnership (OGMP) provides a voluntary framework for oil and gas companies to transparently and credibly report their upstream methane emissions and progress from monitoring technology surveys and mitigation projects. OGMP is made up of oil and gas companies and technical partners, and is conducted by the United Nations Environment Programme’s Climate and Clean Air Coalition. Version 2.0 of the OGMP framework is in development.
One Future Coalition
The ONE Future Coalition is a group of natural gas companies working together to voluntarily reduce Methane Emissions across the natural gas supply chain. ONE Future companies agree to measure their emissions and track their progress over time according to a uniform, EPA-approved reporting protocol to demonstrate credible and measurable results against sectoral targets.
The Environmental Partnership
The Environmental Partnership’s focus is on solutions that are technically feasible, commercially proven, and will result in significant emissions reductions. The Environmental Partnership has developed three separate Environmental Performance Programs for participating companies to implement as of 2020 (pneumatic controllers, manual liquids unloading, and leak detection and repair). It also runs workshops and conferences to foster collaboration among industry stakeholders.
US EPA - Natural Gas STAR Program
The Natural Gas STAR Program provides a framework for companies with U.S. oil and gas operations across the supply chain to implement methane emissions-reducing technologies and practices and document their voluntary emission reduction activities.
US EPA - Methane Challenge Program
Companies participating in the EPA Methane Challenge Program may join either one or both commitment options:
- The Best Management Practice (BMP) Commitment Option focuses on implementing demonstrated, commercially available emissions-reducing technologies and EPA-recommended BMPs across the partners’ operations within five years of commitment. The BMPs cover 9 key Emission Sources from activities across the oil and natural gas value chain.
- The ONE Future Emissions Intensity Commitment Option (see above) provides the flexibility to determine the most cost-effective pathway to reduce their company’s calculated methane intensity to 1% or less, across the supply chain, by 2025.
The Netherlands Oil and Gas Exploration and Production Association (NOGEPA)
NOGEPA represents the interests of the Netherland Oil and Gas companies, with initiatives to contribute towards an open and transparent transition to a fully sustainable energy supply in 2050.
Through this coalition, all Dutch North Sea operators have made a commitment to reduce natural gas offshore methane emissions to 50%, from 2017 levels within 2 years.
If we do not halve our annual greenhouse gas emissions by the end of this decade, our 2050 net zero targets will be out of reach.
The role of finance in reducing methane emissions from the oil and gas sector as part of the clean energy transition.
If we are to drive down methane emissions, the investment community should look to leverage its influence to encourage producers to address methane emissions.