Methane is rising up the global climate agenda and policymakers are taking note. With the 1.5°C target set by Paris Agreement signatories at risk of slipping by, governments are employing a variety of levers – including fines and regulations – to quickly cut domestic methane emissions.
The Global Methane Pledge, a commitment by 100 countries representing nearly 50% of global anthropogenic methane emissions and over two-thirds of global GDP, has accelerated policy action. Top-down directives are proliferating, including a fee for methane emissions from certain facilities as part of America’s Inflation Reduction Act. Excuses from the oil and gas sector to carry on with business-as-usual are vanishing.
Methane Guiding Principles supports robust policy action on methane emissions. This uniquely powerful lever can catalyze action on a scale that would be difficult to achieve with industry alone. As more regulations emerge, MGP will continue to provide a platform for industry response and engagement.
Next Available Course: Spring 2024