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Capturing the invisible There is a lot of work to be done if oil and gas firms are to be aligned with the IEA’s NetZero 2050 pathway. The Institutional Investors Group on Climate Change’s (IIGCC) recently published netzero standard for oil and gas refers to the OGMP 2.0 including Shell and BP.
Enbridge’s work to reduce methane emissions from our operations Enbridge has a comprehensive plan to reduce our GHG emissions intensity by 35% by 2030 and achieve net-zero emissions by 2050 (see pages 16–19). We take many steps to educate customers, suppliers, neighbors, and the general public about this risk. infrastructure.
Six months on from COP26’s Global Methane Pledge, the quick wins needed to achieve 2030 targets pose steep challenges. At COP26, 112 countries signed the Global Methane Pledge , an initiative designed to reduce global methane emissions by at least 30% by 2030. Delivering on the pledge could reduce warming by at least 0.2?C
billion metric tonnes of CO2 equivalent in 2020 alone, said the US Environment Protection Agency (EPA). Just as it’s important to ensure energy companies transition to netzero, policymakers have included measures to protect vulnerable communities, thus ensuring a just transition. . It produced 5.99 International credibility
The letter also seeks a net-zero electricity grid by 2035, a 50 percent target for electric vehicle sales by 2030, and a renewed commitment to international climate finance. At COP26 the world took a step back from fossil fuels for the first time. billion and Canada added $30 billion in new funding for the climate.
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