Annual report on methane emissions
Storengy reaches the Gold Standard
On the occasion of the COP26 in Glasgow, the United Nations Environment Programme (UNEP) has launched a new observatory on 31 October aiming to reduce emissions of methane, a greenhouse gas which is causing at least one quarter of global warming.
This new annual report published by the International Methane Emissions Observatory (IMEO) describes the way in which players can contribute to a reduction in methane emissions originating from fossil fuel industries, as well as the progress accomplished within the framework of the energy sector’s decarbonisation process. Thus, decision-makers will be able to track and monitor methane emissions and plan actions to be made in order to achieve the objectives set.
As a player committed to the energy transition, limiting the methane emissions caused by activities linked to energy has become a major strategic issue for Storengy, a member of the OGMP 2.0 (Oil & Gas Methane Partnership) initiative. With this in mind, our subsidiaries have recently made the commitment to reduce their methane emissions by 25 to 45% by the year 2025 (compared to the 2016 emissions) for all their operational storage sites. One of the first objectives of this action plan is to monitor the different sources and quantify methane emissions according to the procedure put forward by OGMP 2.0. Second, the aim is to avoid and reduce methane emissions generated by the underground storage activity.
In accordance with ENGIE’s strategy and the European Commission’s challenge to fight global warming, especially by reducing methane emissions, the reduction of our ecological footprint shall continue until we reach carbon neutrality.
In the three countries where it is present (France, Germany and the United Kingdom), Storengy has reached the “Gold Standard” with an estimated reduction in methane emissions by 25 to 45% by 2025. For the present reporting cycle, the “Gold Standard” has been granted for the comprehensiveness of a company's implementation plan.