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Accelerating Methane Emissions Abatement: the Use of the Montreal Protocol
AUTHOR：IFF
FROM：IFF
TIME：2022-11-09
Accelerating methane emissions abatement:
the use of the Montreal Protocol
Wednesday, 9th November, 2022
On site: ICC Premises, Sharm El-Sheikh
Online: Videoconference on Zoom
14:30 – 17:45 (local time)
(13:30 – 16:45 CET)
According to the International Energy Agency, methane has been contributing to 30% of the global rise in temperature. Reducing its emissions is “the most effective means available for limiting global warming”. A focus on fossil fuels, in particular, represents the fastest, cheapest, and best opportunity to fight global warming at minimum cost.
Many initiatives are already being taken, which are certainly welcome. But more could be done in the spirit of the Montreal Protocol which mobilised the firms emitting ozone depleting substances and thereafter saved the ozone layer and has been arguably the most successful climate mechanism yet put in place.
Why not mobilise the oil and gas industry worldwide in the spirit of the Montreal Protocol, reinforced by the introduction of a market for methane giving it a price, and hence act as a strong incentive for phasing out methane? By accelerating the agenda of the necessary investments, modelling actions by industry and governments would significantly contribute to limiting the rise of temperature.
This side event of COP27 has been co-organised by the International Finance Forum and is hosted by the International Chamber of Commerce.
AGENDA
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14:30 – 14:39
14:30 – 14:35
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Welcome remarks
- John W.H. Denton AO, Secretary General of the International Chamber of Commerce (ICC) (tbc) |
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14:35 – 14:39
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- Edmond Alphandéry, Chairman of the Task Force on Carbon Pricing in Europe |
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14:39 – 14:51 |
Introduction: “Why methane emissions from fossil fuels should be our first priority”
By Christophe McGlade, Head of the Energy Supply Unit, IEA
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14:51 – 15:45 |
PART 1: INITIATIVES TO LIMIT OIL AND GAS METHANE EMISSIONS IN THE EU, CHINA AND THE US
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14:51 – 14:59 |
The EU methane strategy
Guest speaker: Brendan Devlin, Strategy and Foresight, Directorate General for Energy, European Commission (online)
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14:59 – 15:07 |
China’s five-year plan commitment to increase regulation of methane
Guest speaker: Xuedu LU, IFF Academic Committee Member; Lead Climate Change Specialist, Asian Development Bank (online)
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15:07 – 15:15 |
The US Inflation Reduction Act (fees on methane emissions)
Guest speaker: Mark Brownstein, Senior Vice President for Energy, Environmental Defense Fund (online)
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15:15 – 15:45 |
Discussion with the floor |
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15:45 – 16:27 |
PART 2: CURRENT INITIATIVES TO DEAL WITH METHANE FROM THE SECTOR
Various industry-led initiatives will be briefly described.
Moderator: Julien Perez, Vice President Strategy & Policy at OGCI
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15:45 – 15:51 |
1) Oil and Gas Climate Initiative (OGCI) and “Aiming for Zero”, presented by Julien Perez, Vice President Strategy & Policy at OGCI
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15:51 – 15:57 |
2) Methane Guiding Principles (MGP) and Global Methane Pledge and “The Energy Pathways Platform” presented by Manfredi Caltagirone, Head of IMEO (online) (tbc)
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15:57 – 16:03 |
3) Climate and Clean Air Coalition, National Support and Capacity Building, presented by Dan McDougall, Senior Fellow, CCAC (online)
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16:03 – 16:09 |
4) International Methane Emissions Observatory (IMEO), and the “Oil and Gas Methane Partnership 2.0” and presented by Manfredi Caltagirone, Head of IMEO (online)
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16:09 – 16:15 |
5) China Oil and Gas Methane Alliance, presented by XUE Ming, Senior Engineer, CNPC Research Institute of Safety and Environmental Technology, Deputy Director of State Key Laboratory of Petroleum Pollution Control and Secretary of the China Oil and Gas Methane Alliance (online)
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16:15 – 16:30 |
Q&A |
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16:30 – 17:45 |
PART 3: THE RANGE OF ACTIONS UNDERWAY BOTH FROM GOVERNMENTS AND INDUSTRY SHOULD BE COMPLEMENTED BY THE INTRODUCTION OF A GLOBAL MARKET FOR METHANE
National implementations and industry actions have been creating a momentum for a decisive global initiative to phase out methane emissions in the oil and gas sector. This initiative can come only from a strong incentive created by the introduction of a market for methane within a global agreement in the spirit of the Montreal Protocol.
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16:30 – 16:42 |
The Montreal Protocol: how does it work?
Guest speaker: Durwood Zaelke, President, International Institute for Governance and Sustainable Development (online)
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16:42 – 16:54 |
Implementing a market for methane
Guest speaker: Dan McDougall, Senior Fellow, Climate and Clean Air Coalition (online)
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16:54 – 17:24 |
Panel (5 minutes each): - Yvan Champagne¸ President of Blue Source Methane - Xuedu LU, IFF Academic Committee Member; Lead Climate Change Specialist, Asian Development Bank (online) - Matthew Kolesar¸ Chief Environmental Scientist at ExxonMobil (online) - Santiago Martinez, Head of Sustainability and Decarbonization at Ecopetrol (confirmed) |
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17:24 – 17:45 |
Discussion with the floor |
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17:45 |
Concluding remarks |
