Methane is one of the strong greenhouse gases and a major element of natural gas. It follows carbon dioxide in climate change. But detecting it properly has been the biggest problem for the regulators and industry. According to the report published on October 14 by the Columbia researchers, said that the emergence of new satellites would help change methane emissions in the industry. They also said that companies that will not take steps to decrease methane emissions would face serious repercussions from government decision-makers, investors, and the public at large. The researchers said that the satellites would be able to quantify methane emissions.
One of these spacecraft projects is the Environmental Defense Fund’s MethaneSAT, which will be launched in 2022. It is expected to detect methane emissions across the world. Other satellite projects will still be launched later in the year 2022. It is essential to note that there is already existing spacecraft that help to track greenhouse gases. In 2019, several satellites that belong to the European Space Agency and GHGSat Inc. found a pipeline leak in Turkmenistan.
The spacecraft systems will help to raise the scope, accuracy, and timeliness of detecting these emissions. Data from these new projects are expected to be available starting in 2023. The data collected will be useful to investors as they will be able to address social, environmental, and governance risks that face the oil and gas industry. Therefore, oil and gas companies need to address methane emissions as early as now.
Many companies engage in methane reduction programs and give reports on the emissions. The results are expected to depend on engineering estimates rather than definite estimates. The Paris-based agency said that there is more methane emissions transparency. On October 14, the European Union came up with a methane strategy with the least fossil gas levels that will be used in the region.
Industry groups and various companies are taking necessary measures to ensure they reduce methane emissions. One of these projects is Project Astra, where there is a collaboration between the University of Texas, Pioneer Natural Resources Co., Exxon Mobil Corp., and other environmental groups to check on the methane emissions sensors to eliminate leaks efficiently.
Erin Blanton, a senior research scholar, said that there is no much time to address methane emissions’ sources and leaks. All that is needed is to ensure all the bodies’ concerned work together to address the issue at hand.