Market Overview: The Business Case And Solutions For Methane Mitigation
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Executive Summary
Over recent years, methane has drawn increasing corporate, political and public attention, as its warming potential – 84 times greater than CO2 – has become more widely acknowledged. In sectors with high proportions of methane emissions, notably waste and the oil and gas industry, abatement has become a key near-term target, with firms setting ambitious reduction goals over the next decade. This report identifies the most common issues of methane emissions mitigation and segments the market of solution providers into three broad categories, based on the challenges they address.
Table of contents
Methane Emissions: No Longer An Invisible ProblemMethane Mitigation Faces Substantial Logistical And Technical Challenges
The Financial Business Case For Methane Mitigation Has Improved
Ambitious Reduction Targets Will Drive Demand For Technology Solutions
Innovations Are Addressing The Challenges Of Methane Mitigation
LDAR Solutions Identify Fugitive Emissions From Oil And Gas Infrastructure
Controlled Emissions Reduction And Fugitive Emissions Avoidance Reduce Leaks, Flares And Vents
Table of figures
Figure 1. Global Methane Emissions By Industry Sector (2020)Figure 2. Congressional Projections For IRA Waste Emissions Charge (2024-2029)
Figure 3. US Oil And Gas Facilities Subject To The IRA’s Waste Emissions Charge And Their 2019 Methane Emissions (Million Metric Tons Of CO2 Equivalent)
Figure 4. Timeline Of Methane Emission Reduction Targets
Figure 5. Annual Costs Of Methane Mitigation Measures (2022)
Figure 6. Segmentation Of The Methane Emissions Reduction Market
Figure 7. Advantages And Disadvantages Of LDAR Sensor Vectors (Satellites, Aircraft, Drones And Statics)
Figure 8. Comparison Of Methane-Detecting Geospatial Satellite Solutions
Organisations mentioned
AspenTech, Avitas Sytems, Bloomberg, Blue Sky Measurements, BP, BPX Energy, Bridger Photonics, Carbon Mapper, Censys Technologies, ChampionX, Chevron, Climate TRACE, ConocoPhillips, Detechtion, Diversified Energy Company, Emerson, Enerdyne Power Systems, Environmental Defense Fund (EDF), European Commission, European Space Agency (ESA), ExxonMobil, Flutura, FlyLogix, GHGSat, Global Methane Initiative, Global Methane Pledge (GMP), Honeywell, IEA, International Institute for Applied Systems Analysis (IIASA), Kairos Aerospace, Kayrros, Kuwait Oil Company, LoCI Controls, MethaneSAT, MiQ, MIRICO, NASA Jet Propulsion Laboratory (JPL), Oil and Gas Methane Partnership (OGMP), OSI, Panametrics, Planet, Project Canary, QLM, Qube Technologies, RMI, Scientific Aviation, SeekOps, Seeq, Shell, Siemens, SoCalGas, Suomi National Polar-orbiting Partnership (SNPP), SYSTEMIQ, TechnipFMC, Texaco, TotalEnergies, UN Environment Programme (UNEP), US Congressional Budget Office, US Congressional Research Service, US Department of Energy, US Environmental Protection Agency (EPA), US National Oceanic and Atmospheric Administration (NOAA), World BankAbout the authors
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