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EU units methane emission limits for oil and gasoline – 2024-05-30 07:40:14

2024-05-30 07:40:14

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EU nations have accredited a legislation to restrict the import of fossil fuels with a excessive content material of greenhouse methane. As Day.Az experiences, Reuters writes about this.

From 2030, the EU will introduce most methane depth values ​​for oil and gasoline positioned available on the market, the company clarified.

Suppliers who exceed the established restrict could face monetary penalties. Specialists estimate that the brand new normal can cut back world methane emissions from the oil and gasoline sector by a 3rd.

“This import normal has the potential to scale back world methane emissions from oil and gasoline by a 3rd,” mentioned Alessia Virone of the nonprofit Clear Air Activity Pressure, recalling the EU’s standing because the world’s largest importer of hydrocarbons.

Tighter necessities are prone to have an effect on main gasoline suppliers equivalent to the USA, Algeria and Russia. Moscow has sharply reduce provides to Europe since its 2022 invasion of Ukraine. Its essential pipeline exporter to the EU is Norway, whose provides have one of many lowest methane intensities on this planet.

The Biden administration, which has labored with the European Union to chop methane emissions by 30% by 2030 to curb local weather change, welcomed the EU methane legislation. Final yr, the USA additionally launched necessities for oil corporations to restrict methane leaks.

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