“The Australian Government is committed to lowering emissions and reaching net zero by 2050 to help the world address climate change,” Minister for Resources and Northern Australia Madeleine King said.
“The work will ensure natural gas producers and exporters, importers, governments, end users and other key stakeholders will have accurate and verifiable information about GHG emissions from the LNG supply chain.”
Gas is crucial for peaking and stabilising electricity, particularly in renewable grids, and providing industrial heat for steel manufacturing and mineral processing.
At the same time, reducing methane, carbon dioxide, and other greenhouse gas emissions from gas is crucial for achieving the goals of the Paris Agreement, but reliable information is needed for effective implementation.
The approach aims to enhance the accuracy and representativeness of reported data by encouraging measurement over modelled data, providing market participants with credible, verified information about emissions from production to delivery.
“We are regularly improving greenhouse gas emissions reporting and transparency — this international working group will enhance emissions accounting across the entire supply chain,” Minister for Climate Change and Energy Chris Bowen said.
Minister Bowen reported that Australia also addresses methane measurement, with the Climate Change Authority reviewing the National Greenhouse and Energy Reporting Act.
The MMRV members include Australia, Brazil, Canada, Colombia, the East Mediterranean Gas Forum, the European Commission, France, Germany, Italy, Japan, Korea, Norway, the UK, and the US.