EU Enacts Legislation To Curb Methane Emissions
Date
5/27/2024 7:16:34 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 27. The first-ever EUrules to curb methane emissions from the energy sector in Europeand globally have become law today, Trend reports via the European Commission.
This milestone marks another step in implementing the EuropeanGreen Deal and REPowerEU, underscoring Europe's commitment totackling harmful emissions both domestically andinternationally.
The new regulation mandates that the fossil gas, oil, and coalindustries in Europe measure, monitor, report, and verify theirmethane emissions according to the highest standards. It requiresEU operators to eliminate avoidable and routine flaring, limitingflaring and venting to emergencies, technical malfunctions, orsafety-related situations.
Given that Europe imports a significant portion of its fossilenergy, the regulation also aims to reduce methane emissions fromimported fossil fuels. Over time, it will introduce more stringentrequirements to ensure exporters gradually adopt the samemonitoring, reporting, and verification standards as EUoperators.
The new rules mandate the Commission to establish a globalmethane emitter monitoring tool, utilizing satellite data toprovide information on the magnitude, occurrence, and location ofhigh methane-emitting sources within and outside the EU.
Additionally, the Commission will create a rapid alert mechanismfor "super-emitting" events-incidents where facilities, equipment,or infrastructure emit exceptionally high levels of methane. Thismechanism will serve as an early warning system, detectingsuper-emitting events and alerting the relevant EU or non-EUauthorities to take prompt action to mitigate or prevent them.
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