This market-based certification will allow for the differentiation of the gas markets based on methane emissions performance and, therefore, generate different price levels that create an economic incentive for companies that are lagging behind to invest in methane abatement.
The first independently audited certification of its kind, the MiQ Certification, will work to complement existing voluntary schemes and regulations to rapidly reduce methane emissions in upstream gas production. Therefore, it is vital and opportune to dramatically and urgently reduce methane emissions from the production of natural gas. The oil and gas industry emits over 84 million tons of methane each year, which equates to the total emissions from the world’s on-road transport fleet. Methane leaked into the atmosphere is, in the short term, a much more powerful climate pollutant than CO2. MiQ Certification will be assessed against the MiQ Standard in an independent, third-party audited system. MiQ has designed the MiQ Certification system, which, adopted at scale, will create a differentiated market for natural gas for buyers and sellers. London, UK – Decem– MiQ, the independent, not-for-profit partnership between Rocky Mountain Institute and SYSTEMIQ, aims to facilitate a rapid reduction in methane emissions from the oil and gas sector.
RMI and SYSTEMIQ have developed a certification to incentivise methane abatement through a differentiated gas market Rocky Mountain Institute (RMI) and SYSTEMIQ launch MiQ to tackle methane emissions from the oil and gas sector
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