User:Hallsands/subpage

Please don't delete this subpage! I use it for drafts and notes

https://forfanden.wordpress.com/2013/04/15/dave-widgerynus-the-students-muffler/

Draft MiQ
MiQ is an independent, not-for-profit partnership between Rocky Mountain Institute and SYSTEMIQ, aiming to facilitate a rapid reduction in methane emissions from the global oil and gas sector. It was launched in December 2020.

Methane emissions from the oil and gas industry
Methane, the main component of natural gas, is a highly potent greenhouse gas, with more than 80 times the warming power of carbon dioxide over a 20-year period. The oil and gas industry emits an estimated 84 million tonnes of methane every year; this is equivalent to the emissions of the world’s total on-road transport fleet. Many of the tools and methods needed to substantially reduce methane emissions in the oil and gas industry already exist, but there are currently few incentives to do so, and regulators are hindered by the lack of a standardised global methodology for measuring emissions.

Methane emissions from upstream operations have been recognised as a problem for some time, but there is increasing scrutiny of the issue, with the EU set to make legislative proposals in 2021.

MiQ Certification
In an effort to solve these issues, MiQ has developed a gas certification system (the second in the world, and the first devoted entirely to methane) which enables the introduction of natural gas to the market that has been differentiated based on methane emissions during production. The aim is to create a differentiated market for natural gas, and thus incentivise the sector to invest in reducing / eradicating methane emissions during the energy transition.

The certification framework assesses methane emissions management across three criteria: methane emissions intensity at a facility level; monitoring technology deployment; and company practices. The MiQ certification is then audited by a third party and works to complement existing voluntary schemes. As more sophisticated technology becomes available, such as satellite technology, the MiQ system will evolve to reflect this.

Voluntary certification of global natural gas production is due to start in 2021. (need secondary reference, perhaps available next week?)