Companies, investors, governments, and the public cannot continue to assume methane is harmless given the danger that it poses to public health, safety, and the climate. For our protection, the world needs greater methane emissions visibility, more accurate source attribution, and new methane standards to stop it from wantonly leaking.
An estimated 375 million tons of methane are emitted a year. Where does all of this methane come from?
Oil and gas systems, coal mines, landfills, and livestock are the major human-made sources. Scientists who study methane report that a small number of methane sources account for the vast majority of total methane emissions in the atmosphere. These super-emitters can be spotted by satellites and other remote sensing equipment. To this end, RMI is participating in Carbon Mapper, a new public-private-non-profit consortium that is hunting for large methane plumes using aircraft and eventually new satellites. One-half of the leaks they’re finding are considered fixable.
RMI is also tracking methane from global oil and gas operations for the Climate TRACE coalition, which will launch in mid-September. We’re finding wide-ranging methane intensities from different oil and gas assets worldwide that can be tallied up at a country level. However, many national inventories currently undercount methane. There’s significant work to be done. If we can’t measure methane, we can’t manage it.
Why is unbridled methane leakage a major concern?
Public safety is also an ongoing concern, as recently evidenced by an underwater inferno that erupted when a gas pipeline leak ignited offshore in Mexico. And, half way around the world, another gas-propelled fireball shook the Caspian Sea where Azerbaijan has extensive offshore oil and gas developments. Leaking gas is highly explosive. Workers, residents, and property are at stake whenever accidents occur.
Unfortunately, leaks happen all too frequently. Analysts estimate over 600,000 methane leaks a year from US pipelines alone. The methane leak tally is likely in the hundreds of millions when considering the sheer volume of equipment in the United States and abroad.
And the overriding risk from all these methane leaks is accelerated climate change. As the climate dangerously warms, super pollutants like methane, which is much more powerful at warming the planet than CO2, must be avoided. If CO2 is envisioned as a single blanket wrapped around Earth, methane has the warming power of about 100 blankets over its 12-year lifetime before it is converted to smog and eventually carbon dioxide.
Until policy and markets factor methane into government rules and financial transactions, it will continue to leak. This is where the MiQ voluntary standard and certificate system figure in. By grading oil and gas based on their methane intensity, company practices, and monitoring methods, we are able to create a differentiated market for low-methane gas. Converting this into a mandatory methane standard is the ultimate goal.
RMI’s Climate Intelligence Program mission is laser-focused on decarbonizing energy supply chains and activating markets for low- and zero-carbon products. By making emissions transparent, analyzing metadata to attribute emissions, and developing standards we can reshape oil and gas markets for a 1.5-degree future. Taken together, visibility, attribution, and market activation hold the keys to getting control of methane in this decisive decade.