Online Event: Market-based measures for methane emissions’ reduction: Challenges and opportunities ahead
25 May 2021, 12:00 – 13:45 CEST
Hosted by MEP Maria Spyraki
Co-Chair of the European Parliament Intergroup on “Climate Change, Biodiversity and Sustainable Development”
The European Commission’s methane strategy is looking at a comprehensive set of measures to drastically reduce methane emissions, within and outside the EU. Among these, incentive-based policy measures focused on emission outcomes can play an important role with regards to putting a price on upstream emissions associated with the EU’s gas consumption.
A study commissioned by the Environmental Defence Fund suggests that policy measures that put a price on upstream methane emissions – such as binding methane performance standards for natural gas – will be highly effective, while creating minimal cost for EU households. Putting a price on upstream methane emissions on all gas sold on the EU market could as a result significantly reduce the EU’s methane footprint and could also have a key impact on global oil and gas methane emissions.
This event organized by the European Parliament Intergroup on ‘Climate Change, Biodiversity and Sustainable Development’ will present in detail the findings of the latest Enervis study and promote a discussion on the efficiency and effectiveness of incentive-based approaches that could be proposed when delivering on the EU Methane Strategy.