The European Commission has taken a step towards reducing global methane emissions by launching the Methane Abatement Partnership Roadmap at the 29th UN Climate Change Conference (COP29), hosted by Azerbaijan, in collaboration with a number of partner countries, international organisations, NGOs and development banks. This initiative is designed to drive international collaboration on methane abatement within the oil and gas value chain,supporting the broader goals of the Paris Agreement and the Global Methane Pledge.

At its core, the Roadmap seeks to build a robust framework to reduce methane emissions across the fossil fuel supply chain. It emphasises the importance of fostering cooperation between fossil fuel exporting and importing nations, enhancing transparency through advanced monitoring,reporting and verification (MRV) systems, building on the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) principles, and aiming to accelerate investments into methane abatement projects. The approach could include the use of cutting-edge technologies such as satellite data and aerial surveys to establish reliable baseline information on existing emissions, which is essential for measurable progress. Furthermore, the roadmap outlines plan to track and report emission reductions, possibly with the involvement of organisations such as the UNEP’s Methane Emissions Observatory, ensuring transparency and accountability.

ICA-Finance is proud to be among the endorsers of the initiative, joining a coalition that includes leading corporates, NGOs, philanthropies and financial institutions such as Bloomberg Philanthropies, European Bank for Reconstruction and Development (EBRD), International Energy Agency (IEA), CleanAir Task Force (CAFT), Carbon Limits, Environmental Defense Fund (EDF), Global Methane Hub, Environmental Investigation Agency, Environmental Action Germany, Methane Matters Coalition, and the Organisation for Economic CO-operation and Development(OECD), and countries like Japan, the United States (US), the United Kingdom(UK), Italy and Canada. As an endorser, we reaffirm our dedication to actionable solutions that drive significant progress in global decarbonisation efforts.

The Methane Abatement Partnership Roadmap does not only represent a unified global effort in methane abatement but also signals a step-change in how methane emissions are tackled across the industry. With the support of key stakeholders, it sets the stage for tangible action and showcases solutions that can be replicated globally. This partnership marks acritical step towards addressing methane emissions. We remain optimistic that the growing momentum will simulate increased demand for high quality methane emission reductions, further supporting global climate goals.

This roadmap is a testament to the world moving advancing methane emission reduction efforts . Following the launch of the Roadmap, the first examples of partnership implementation will be showcased at COP30 in Brazil. ICA-Finance will continue to champion innovative and impactful solutions, showcasing actionable progress as we approach COP30, contributing to meaningful decarbonisation and a sustainable future.

ICA-Finance supports companies to achieve these targets by helping operators with MRV, complying with OGMP 2.0, methane abatement, investment. Through tailored solutions and expertise in advanced monitoring technologies, we enable measurable and sustainable progress under the Methane Abatement Partnership Roadmap. Partner with us to turn climate commitments into action.

Stay tuned for more updates on our contributions and insights into this initiative.

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