On 27 May 2024, the first rules aimed at curbing methane emissions within the energy sector, both in Europe and globally, officially became law. Set for release soon in the Official Journal of the EU, this new law will become effective 20 days after its publication.
The new law marks a significant milestone for the European Green Deal policy, mandating that the fossil fuel industry adhere to the highest standards for monitoring, reporting and verifying methane emissions, while also requiring oil, gas and coal companies to actively reduce their methane intensity.
Source EY
