The report highlights the declining role of natural gas in the energy transition and the need to replace it with clean energy options. Methane emissions from the gas value chain are a significant contributor to greenhouse gas emissions, and efforts to curb them are crucial for meeting climate goals. The current approach of voluntary and regulatory actions is not sufficient to drive methane reductions at the scale and speed necessary for climate alignment. Companies need to be transparent about their methane emissions reductions to ensure that they are actually occurring in practice. The report emphasizes the need for two essential elements to curb methane emissions from the oil and gas industry: a comprehensive approach that includes both voluntary and regulatory actions, and transparency in reporting and monitoring.
