The Federal Government has announced that, in an effort to improve emissions reduction efforts, Australia has joined an international working group to measure and verify greenhouse gas (GHG) emissions across international supply chains.
The Federal Government has said that gas remains critical to peaking and firming electricity – especially in an increasingly renewable grid – and providing industrial heat for manufacturing steel, processing critical minerals, and other essential inputs to the energy transformation.
At the same time, reducing methane, carbon dioxide, and other GHG emissions from gas is crucial to achieve the goals of the Paris Agreement – but doing that effectively requires comparable and reliable information.
The international working group on gas supply chain emissions, Measurement, Monitoring, Reporting and Verification (MMRV) brings together major gas producers as well as major importing countries such as Korea and Japan.
The approach will encourage measurement over modelled data where it improves the accuracy and representativeness of the reported data to provide market participants with credible, verified information about emissions from production to delivery.
Federal Minister for Climate Change and Energy, Chris Bowen, said that the Federal Government is regularly improving greenhouse gas emissions reporting and transparency.
“This international working group will enhance emissions accounting across the entire supply chain,” Mr Bowen said.
“We are also doing our bit in Australia, with methane measurement referred to the Climate Change Authority for consideration in its review of the National Greenhouse and Energy Reporting Act.”
Federal Minister for Resources and Northern Australia, Madeleine King, said that the Federal Government is committed to lowering emissions and reaching net zero by 2050 to help the world address climate change.
“The international working group will help Australia and the world better understand emissions from the global natural gas supply chain, from pre-production to export and final delivery,” Ms 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.”
Members of the MMRV are Australia, Brazil, Canada, Colombia, the East Mediterranean Gas forum (Observer), European Commission, France, Germany, Italy, Japan, Republic of Korea, Norway, the United Kingdom and the United States of America.
