The Know Your Oil and Gas report and OCI+ web tool offer new climate intelligence to align oil and gas sector emissions with 1.5°C climate goals.
Cutting Oil and Gas Sector Methane Emissions
Methane has over 80x more climate warming potency than carbon dioxide over a twenty year period but has been left out of mainstream climate action and regulation conversations until recently. Massive plumes of methane from oil and gas operations went undetected not only because they are invisible and odorless – but because the industry was allowed to self-report emissions for decades.
RMI is increasing oil and gas methane emissions visibility through an evolving network of satellites and sensors and transforming that visibility into actions government and industry leaders can take to cut methane emissions under their control.
Historically, companies looking to calculate their greenhouse gas (GHG) emissions have had to rely on self-reported data and estimates rather than primary data from supply chain partners. These best-guess estimates lead to inconsistencies and a lack of clarity about what is really being emitted.
When it comes to fighting climate change, we don’t have time for false starts—in the decisive decade, we have to get it right the first time around. That knowledge has guided our work building the COMET Framework, together with our partners at MIT’s Sustainable Supply Chains Initiative, the Columbia Center on Sustainable Investment, and the Colorado School of Mines.
Methane was a focal point during the COP26 climate conference, and for good reason. This potent greenhouse gas has 120 times the climate-warming power of CO2 as soon as it is emitted.
Methane is responsible for 30 percent of the rise in global temperatures since the Industrial Revolution, and the energy sector accounts for nearly 40 percent of those emissions. Cutting methane emissions offers huge potential for quick, affordable climate action.
City of London, one of the leading centres of global finance, covered with forest. Green London / double exposure.
The scientific consensus is clear: swift and decisive action is needed to stabilize the planet at 1.5oC. This calls for immediate reductions in oil and gas sector greenhouse gas (GHG) emissions, including methane—an extremely potent GHG that constitutes a major share of oil and gas industry emissions. To meet this critical climate goal, RMI is ingesting and analyzing timely, transparent, and trusted data to catalyze climate-informed decisions by companies, investors, policymakers, NGOs, and consumers.
Climate TRACE monitors human-caused GHG emissions using cutting-edge technologies such as artificial intelligence, machine learning, novel modeling, and satellite image processing—bringing unprecedented transparency to global carbon pollution. Insights curated from Climate TRACE make it possible for anyone, anywhere, to make better decisions to mitigate and adapt to the impacts of climate change.
Carbon Mapper is a first-of-its-kind satellite enterprise that is a consortium of public, private, philanthropic, and nonprofit organizations including RMI.
MiQ has pioneered the use of independently certified gas (ICG) to provide the data needed to drive change on global methane emissions.