What is the European Commission doing about ETS and methane emissions?
The European Commission has presented a proposal to reduce the cost of the ETS for energy-intensive companies. It is also preparing to revise the rules on methane emissions, yielding to the pressure from the United States. Excerpt from the European Morning Brief.
Wasted methane: twice the amount of Hormuz gas lost every year due to leaks and combustion.
The IEA highlights that over 200 billion cubic meters of gas are wasted each year due to methane leaks and unnecessary flaring, more than twice the volume that passes through the Strait of Hormuz, presenting an immediate opportunity for energy security and climate action.
