Brazil takes step to curb methane emissions in oil and gas sector

Brazil has pledged to enact stringent regulations targeting the reduction of methane emissions from the oil and gas sector by the conclusion of 2025. This momentous commitment was officially declared during the UN Cop 28 climate summit's Global Methane Pledge Ministerial.

Addressing the assembly, Brazilian Energy and Mines Minister, Alexandre Silveira, affirmed that the government is set to unveil comprehensive guidelines for the regulation of methane emissions within the oil and gas industry by the close of 2024. The proposed regulations will subsequently undergo scrutiny by the National Energy Policy Council (CNPE). Following approval, the task of finalizing the regulatory framework will fall under the responsibility of the hydrocarbons regulator ANP, with the targeted completion date set for the end of 2025.

This move positions Brazil as a proactive participant in the Global Methane Pledge, a collaborative initiative aimed at curbing a minimum of 30% of global methane emissions by the year 2030. Brazil's commitment underscores its dedication to environmental sustainability and aligns with global efforts to address the pressing challenges posed by climate change.