Rocky Mountain Institute (RMI) – Methane / MiQ
Nature
Oil and gas make up over 20 billion tons (Gt) of life-cycle emissions each year, which is over half of human-made emissions. The oil and gas sector accounts for 25% of methane emissions worldwide and offers the best opportunities for near-term emissions reductions. Most operators have insufficient climate intelligence or motivation to rapidly cut their emissions. As a result, responsible oil and gas operators are not duly recognized or rewarded, while poor performers with irresponsible emissions are not disincentivized.
Intervention
Lyda Hill Philanthropies provided a seed grant to RMI to launch their Texas Methane Leak Elimination project, seeking to accelerate the transition to a low-leakage, climate-responsible natural gas supply chain. Cementing awareness and commitment to action by the Texas oil and gas industry, RMI is working with industry to establish the global standard for industry protocols and rules that define low-emissions gas.
Impact
RMI built the first-of-its-kind Climate Action Engine (CAE) that contains and visualizes all oil and gas records in Texas, emissions records, and satellite and flyover data. The platform informs operators, buyers, regulators, and investors on the state of flaring in the Permian. Additionally, RMI publicly launched their nonprofit spin-out MiQ, which is providing a first-of-its-kind, open-source, voluntary differentiated gas production standards for the entire supply chain. MiQ is now certifying 20% of US production – equivalent to 1,000 LNG cargoes – and major producers are scaling their involvement in certification.
Impact Factors
- Catalytic
- Evidence-based and Actionable Data
- Systemic Change
- Others Can’t or Won’t
Learn more about RMI – Methane/MiQ