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Satellites Zero In on Elusive Methane Emissions
Sep 18, 2024
Maria-Olivia Torcea from BNEF’s Oil Team joins to discuss the pressing issue of methane emissions. She highlights satellite technology's revolutionary role in detecting methane leaks from oil and gas operations. The conversation covers the challenges of accurate emission reporting and the contrasting efforts of international and national oil companies. They delve into global initiatives like the Oil and Gas Methane Partnership, the impact of COP28 discussions, and regulatory measures in the EU and US aimed at reducing emissions and enhancing transparency in the industry.
34:50
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Quick takeaways
- The urgent need to reduce methane emissions is critical for combating climate change, given its potent heat-trapping capability compared to carbon dioxide.
- Advancements in satellite technology have transformed methane detection, allowing for more accurate monitoring of emissions from oil and gas operations globally.
Deep dives
The Importance of Addressing Methane Emissions
Methane is a significant greenhouse gas with a global warming potential much higher than that of carbon dioxide, especially over a short time frame. Over 20 years, methane traps over 82 times more heat than carbon dioxide, making its reduction critical for addressing climate change in the near term. This urgency is compounded by its relatively short atmospheric lifespan of about 12 years, during which immediate action can greatly influence global temperatures. Reducing methane emissions could play a crucial role in limiting the effects of climate change as countries aim for net zero emissions in the future.
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