“The 2023 UN Climate Change Conference (known as COP28) is poised to provide a platform for the oil and gas industry to increase its ambition in reducing operational emissions, which are responsible for roughly 15 percent of greenhouse gas emissions globally. As such, COP28 will be a litmus test for the oil and gas industry’s commitment in contributing to global climate change mitigation efforts. Emissions from flaring, venting, and leaking methane or carbon dioxide gas in the global oil and gas supply chain account for 2.7 gigatons of CO2-equivalent emissions annually, more than double that of aviation. Reductions in the oil and gas industry’s scope one and two emissions present a near-term opportunity for constructive, quantifiable, and verifiable action.”
Why COP28 is right to prioritize global methane and flaring reduction [Atlantic Council]
