Joint Statement by Energy Importers and Exporters on Reducing Greenhouse Gas Emissions from Fossil Fuels

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US State Department
Ministry of Foreign Affairs Spokesperson’s Office
November 11, 2022
Press release

The text of the following statement has been issued by the governments of the United States of America, the European Union, Japan, Canada, Norway, Singapore and the United Kingdom.

Beginning of the text:

The United States of America, the European Union, Japan, Canada, Norway, Singapore and the United Kingdom have all pledged to act quickly to address the twin climate and energy crises facing the world.

We underscore the need to accelerate global transitions to clean energy and recognize that the relentless reliance on fossil fuels makes us vulnerable to market volatility and geopolitical challenges.

We also recognize that under IPCC scenarios aligned with the 1.5°C warming limit, fossil fuel consumption will continue to decline rapidly as the global energy transition evolves. As such, we argue that significantly reducing emissions of methane, carbon dioxide and other greenhouse gases throughout the fossil fuel value chain is a necessary complement to energy decarbonization. global warming limit of 1.5°C.

We are committed to taking immediate action to reduce greenhouse gas emissions related to the production and consumption of fossil energy, and in particular to reduce methane emissions. We argue that reducing emissions of methane and other greenhouse gases from the fossil fuel sector improves energy security by reducing avoidable combustion, venting and routine leaks that waste natural gas. We also note that these measures will improve health outcomes by removing black carbon and other associated air pollutants.

We call on fossil fuel importers to take action to reduce methane emissions associated with their energy use that can catalyze emissions reductions across the value chain, and we call on energy producers energy to implement projects, policies and support measures to achieve emission reductions from fossil fuels. energy operations.

We call for global action to reduce methane emissions from the fossil fuel sector wherever possible with a view to reducing warming by 0.1°C by mid-century, in line with the findings of the Energy Agency on the Effects of Full Deployment of Achievable Mitigation Technologies in the Sector on Reducing Near-Term Warming.

We reaffirm the call to action under the Global Methane Commitment to reduce anthropogenic and collective methane emissions by at least 30% by 2030 below 2020 levels as a strategy key to reducing near-term warming and maintaining the target potential of 1.5°C. percentage. We recognize that the fossil fuel sector must take the lead in rapid mitigation of methane emissions due to the abundance of technically feasible and cost-effective mitigation measures available in the fossil fuel sector, as required by the energy pathway of the Global Pact on Methane.

Recognizing the urgent need to reduce emissions from fossil fuel value chains, we are committed to working towards an international fossil fuel market that reduces combustion, methane and carbon dioxide emissions wherever possible throughout of the value chain, and also works to reduce the consumption of fossil fuels. We support the development of frameworks or standards for fossil fuel suppliers to provide buyers with accurate, transparent and reliable information on the methane and carbon dioxide emissions associated with their value chains.

We will support national and international actions to reduce emissions along the fossil fuel value chain, including by:

Adopt policies and measures to achieve rapid and sustainable reductions in methane and carbon dioxide emissions along the fossil fuel value chain:

Adopt policies and measures to eliminate routine venting and flaring and conduct regular leak detection and repair campaigns in oil and gas exploration, production and downstream operations.

Adopt policies and measures to capture, use or destroy methane in the coal sector wherever possible, including pre-mining drainage, coal mine methane destruction and methane destruction in the air.

Develop measures to require or strongly incentivize reductions in greenhouse gas emissions associated with fossil fuel imports.

Adopt policies and measures to support robust measurement, monitoring, reporting and verification of methane emissions in the fossil energy sector and to ensure transparency of related data:

Adopt policies and measures to improve the accuracy of methane emissions data and highlight the need to strengthen GHG inventories, including through improved data availability and direct source-level measurements for gas and petroleum, with a view to moving to a higher IPCC tier methods for estimating the amount of emissions based on direct measurement, random sampling, emission factors and other approaches approved by government agencies and improving monitoring, reporting and verification mechanisms when new data becomes available.

Support frameworks or standards to improve the accuracy, availability, and transparency of fossil fuel methane emissions and emissions intensity data at the product, portfolio, jurisdiction, and country level, including including consideration of acceptable protocols such as the Oil & Gas Methane Partnership Standard 2.0 and its tools, such as independent verification, that can support robust data collection and reporting.

Support international efforts to improve the measurement, monitoring, reporting and verification of methane emissions and ensure transparency of relevant data, including through a partnership with the UNEP International Methane Emissions Observatory and other multilateral partners.

Improve the quality of fossil fuel methane data, including abandoned wells and mines, non-commercial operations or unused infrastructure.

Strengthen alliances to reduce methane and carbon dioxide emissions in internationally traded fossil fuel value chains:

Engage public, municipal and private fossil energy producers and buyers to leverage contracts and other tools, where appropriate, to improve performance on methane and carbon dioxide emissions from traded fossil energy resources, including including efforts to reduce the intensity of methane and other greenhouse gases per unit of energy supplied.

Encourage company participation in the Oil and Gas Methane Partnership Standard 2.0.

Mobilize technical assistance and financing to mitigate methane and carbon dioxide emissions in the fossil fuel sector:

Improve the provision of technical assistance and investments to mitigate methane and carbon dioxide emissions along the fossil fuel value chain.

Develop financial instruments and harmonize financial standards to support the mitigation of methane and carbon dioxide emissions in the fossil fuel sector.

End of text. Policies and measures to rapidly and sustainably reduce methane and carbon dioxide emissions along the value chain

For press inquiries, please contact [email protected]

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