GHG Reduction Projects: Minding the Methane Paradox

Countries around the world have pledged to drastically reduce greenhouse gas (GHG) emissions by 2050. A large focus of these pledges is to decarbonize economies by reducing emissions from the fossil fuel sector. Methane mitigation is largely regarded as the most important immediate global mitigation priority, and many of the easiest sources of methane to mitigate are in the oil & gas sector.

However, the International Energy Agency forecasts demand for oil and gas rising until the mid-2030s, largely due to growing populations across the global south. Additionally, many of the largest and most easily mitigated sources of methane emissions are in developing countries that are heavily reliant on their oil & gas sectors for economic survival and foreign direct investment. As these countries often lack technology, equipment, regulatory signals and domestic carbon markets to use carbon finance to deliver methane mitigation, how can they achieve GHG reduction targets while continuing to benefit from their conventional energy resources?

The answer lies in decoupling energy sector growth and rising emissions by reducing GHG emissions associated with oil and gas activities. Unfortunately, most project developers and the sources of carbon credit demand they service have shied away from developing projects or procuring credits from these projects in this sector. This creates a gap where some of the highest impact GHG mitigation project opportunities remain untapped.

Stepping Into the Breach

Our focus at CarbonAi is supporting great companies deliver great projects through our software and technology offerings. However, given our experience in delivering award-winning methane mitigation programs, we do continue to support select host countries and clients as a project developer to deliver large, high-impact methane mitigation projects where a gap exists.

Full-Cycle GHG Reduction & Monetization Services

For opportunities in this particular methane focus, CarbonAi provides full-cycle GHG reduction project services from origination, finance, construction and operation, to carbon credit documentation, verification and sale. CarbonAi’s leadership team has over 75 years of experience in GHG project development, carbon finance and carbon markets, and engineering and project management for complex energy projects in the Middle East and Africa.

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