The Global Methane Pledge: What It Means for the Oil and Gas Industry Post-COP26

  • Focus Area -
  • Type Instant Insight
  • Date 13 January 2022
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Abstract

After two weeks of climate negotiations in Glasgow, the 2021 U.N. Climate Change Conference of the Parties (COP26) concluded successfully. Representatives of nearly 200 nations agreed to well over 50 decisions (some of which have been pending since COP24), keeping the implementation of the Paris Agreement alive. The COP26 was also marked by a series of surprise announcements, including national net-zero pledges and promises to end deforestation. One of the surprise pledges that may have implications for the oil and gas industry is the Global Methane Pledge, which sets a global goal to slash methane emissions by 30% by 2030 from 2020 levels.

Authors

Rami Shabaneh

Rami Shabaneh

Research Fellow Rami Shabaneh is a fellow in the Oil and Gas program, with a focus on global gas and hydrogen markets.… Rami Shabaneh is a fellow in the Oil and Gas program, with a focus on global gas and hydrogen markets. Rami has nearly 15 years of research and industry experience analyzing energy markets and energy policy. Before joining KAPSARC, Rami worked at Cenovus Energy as a market fundamentals analyst, providing analytic support on specific issues affecting North American gas, natural gas liquids and condensate markets. His work informed the company’s hedging strategies. Before working at Cenovus Energy, Rami spent three years as a research economist at the Canadian Energy Research Institute. He holds a B.Sc. in actuarial science and an M.Sc. in sustainable energy development from the University of Calgary.  

Expertise

  • Natural Gas and Hydrogen

Publications See all Rami Shabaneh’s publications

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