A new paper from the Center for Strategic and International Studies (CSIS) sheds light on the path forward for National Oil Companies (NOCs) in meeting global climate and methane reduction goals. NOCs are responsible for about half of the world’s oil and gas production, making their involvement essential in addressing one of the most urgent climate challenges: methane emissions.
This paper dives into what NOCs need to do to meet their methane reduction commitments by 2030 and how they can raise their ambitions in the process. It highlights the importance of methane reductions, outlines the progress NOCs need to make, and explores the types of partnerships that can help accelerate these efforts. The paper also includes real-world case studies, showing how various NOCs have successfully collaborated with external actors to reduce emissions.
GHGSat satellite-based technology plays a pivotal role in supporting NOCs by providing clear, actionable data on methane emissions. As the availability of satellite data grows, NOCs will have the tools they need to better monitor, report, and reduce emissions, bringing them closer to their ambitious 2030 targets.
Read the full paper below to learn more about the crucial steps NOCs must take and the collaborative efforts driving change in the industry.
