EUROPEAN Union countries approved a law to impose methane emissions limits on oil and gas imports from 2030. International suppliers face pressure to reduce greenhouse gas leaks.
Methane is the primary component of natural gas used in power plants and heating homes. Second only to carbon dioxide, it contributes significantly to climate change.
EU countries’ agriculture ministers – who, in common with all ministers, have the power to approve laws on any topic – gave their governments’ final approval to the policy at a meeting in Brussels, meaning it can now enter into force. Only Hungary voted against it.
From 2030, the EU will impose “maximum methane intensity values” on fossil fuels placed on the European market. The European Commission will design the exact methane limits by that date.
Importers of oil and gas that flout the limit could face financial penalties.
Major gas suppliers like the US, Algeria, and Russia may be impacted by the import rules. Following the invasion of Ukraine, Moscow reduced gas deliveries to Europe. Norway, with low methane intensity, has now become Europe’s largest pipeline gas supplier.
Moreover, by prioritizing sustainability in its energy policies, the EU demonstrates leadership in promoting a greener, more resilient future for generations to come.
In conclusion, the EU’s approval of legislation to regulate methane emissions from EU gas imports represents a pivotal moment in the region’s transition towards a sustainable energy future. By imposing strict limits on methane emissions throughout the gas supply chain, the EU reaffirms its commitment to combating climate change and promoting cleaner energy sources.
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