Petrobras has taken another important step towards a low-carbon future: it has signed an agreement with the Oil & Gas Methane Partnership 2.0 (OGMP), a global initiative coordinated by the UN dedicated to the quantification and management of methane emissions, focusing on climate change mitigation. Recognized as the industry’s most relevant in transparency and credibility in providing emissions data, the OGMP brings together more than 80 industry companies, coordinated by the United Nations Environment Programme (UNEP) and the Climate and Clean Air Coalition (CCAC) – a global voluntary organization for reducing greenhouse gas emissions.
The mitigation of methane greenhouse gas emissions is a commitment of Petrobras and has great relevance for the agenda to fight against climate change. Thus, the OGMP’s support reflects the value of transparency and the importance that Petrobras attaches to the measurement of emissions, in addition to contributing to achieve the consolidation of the 55% reduction in the intensity of methane emissions in the upstream by 2025.
The Petrobras’ action also contributes to the Brazilian position on the Global Methane Pledge, which foresees a 30% reduction in methane emissions by 2030 (based on 2020). At the same time, the company participates in other initiatives such as Aiming for Zero Methane Emissions from the Oil and Gas Climate Initiative (OGCI), in which it is a signatory and in the development of the global flaring monitoring panel, available on the web platform by the GGFR (Global Gas Flaring Reduction Partnership) fund.
International organizations coordinating the OGMP
UNEP is an organization associated with the United Nations (UN), responsible for defining the global environmental agenda and promoting the implementation of initiatives for sustainable development. Its mission is to lead and encourage partnerships in the preservation of the environment, inspiring, informing and allowing nations and peoples to improve their quality of life without compromising future generations.
CCAC is a voluntary partnership of governments, intergovernmental organizations, companies, scientific institutions, and civil society organizations committed to improving air quality and protecting the climate through actions to reduce greenhouse gas emissions.