Brazil has committed to launch regulations aimed at reducing methane emissions from the oil and gas sector by the end of 2025.
The announcement was made today at the UN Cop 28 climate summit's Global Methane Pledge Ministerial, where Brazilian energy and mines minister, Alexandre Silveira, said the government submit guidelines for regulating methane emissions in the oil and gas industry by the end of 2024.
Once the new measures are approved by the national energy policy council (CNPE), hydrocarbons regulator ANP will complete the regulation by the end of 2025.
"Even though methane emissions from the energy sector in Brazil are very low, we are taking a decisive step today," he said. We are facing yet another important initiative to reduce and mitigate methane emissions by the oil industry," Silveira added.
Brazil is part of the Global Methane Pledge that targets a reduction of at least 30pc of global methane emissions by 2030.
Its state-controlled oil company, Petrobras, is part of the Oil and Gas Methane partnership 2.0, the UN Environmental Programme's oil and gas reporting programme for methane.
