Methane to become key criteria for future EU energy imports, official says
– The European Union plans to use methane emissions as a criterion for deciding its energy suppliers in the future.
– A U.N. methane conference took place in Geneva from March 18-21, with over 1,000 participants from 100 countries.
– Methane is the second-biggest cause of climate change after carbon dioxide and has a higher warming effect in the short term.
– The EU will focus on the environmental impact and carbon intensity of its energy purchases.
– In November, the EU agreed to impose methane emissions limits on its oil and gas imports from 2030.
– The EU will create “methane performance profiles” for countries and companies, favoring those that reduce emissions.
– The Geneva forum aims to advance methane emissions reduction efforts ahead of the COP29 climate summit in Azerbaijan.