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Maria Kuosa, CEO, Aeromon
Published 19 January 2024
In the weeks leading up to COP28 we have seen the USA announce new emissions standards and a new EU regulation agreed which will require the Oil & Gas industry to properly measure, monitor, report and verify their methane emissions according to the highest monitoring standards, and take action to reduce them.
How have Aeromon received this news?
Indeed, the last months of 2023 were extremely exciting for Aeromon. I can imagine that it was the same for many other companies and organizations which have been expressing the need for climate justice initiatives and regulations on tracking and reducing methane emissions in the energy sector.
I have been following many advancements on national regulations, and I’ve seen the ambition of many of our customers, like GRTGaz or Wintershall Dea, to join and help developing new partnerships and comprehensive reporting frameworks, such as the OGMP, for example. Nonetheless, I believe 2023 was particularly important in creating a more coherent message across all global actors.
The new EU methane regulations and the US EPA emission standards gave companies, with a similar environmental vision to ours, a match in mission. We feel that there's an improved alignment between the climate pledge, the available technologies, and the legal requirements.
As Aeromon, we welcome these developments, and we believe that robust actions together with global monitoring tools are crucial to curb methane emissions and increase the transparency, sustainability, and environmental responsibility of the industry.
Aeromon are just back from COP28 – what were your key takeaways from the gathering?
After attending COP28 I made a short reflection on all key themes and the discussions I participated in, and the common factor across all boards is the heightened focus on global cooperation. The commitment of governments, NGOs, and the private sector to support the transition to net zero operations and the general feeling of urgency for concrete actions to address climate change is shared by everyone. Despite the difference in opportunities and the stage time given to NGO actors compared to other speakers, we see a strong momentum towards a greener future.
One concrete global transformational action was the participation of more countries in the Global Methane Pledge (GMP) and the announcement made by the active partners. This includes a promise of 1 billion USD on new grant fundings for methane and flaring reduction, the new significant developments in regulations from Canada and Brazil, for instance, and the pivotal role of IMEOs Methane Data Platform converting technology-made available data into methane action.
As a strategic partner of the Energy Council and an organisation that have a pivotal role in our flagship conference, World Energy Capital Assembly – how did you find the event and what kind of advice would you offer tour network in their various decarbonization journeys?
Participating in WECA in London last year was very valuable to us. It was evident that leading energy companies understand the environmental urgency of reducing methane emissions and recognize the financial opportunities within this commitment. Conversations with policymakers and investors highlighted a clear demand for transparency and a comprehensive and consolidated emissions report framework.
My advice to our network is to pave the way to net zero emissions and prioritize collaboration, engage with stakeholders, share best practices and embrace innovative solutions in their decarbonization journeys. Those who cannot deliver on emission reduction commitments risk not only regulatory consequences but also the resilience of their operations.
As we start 2024 what excites Aeromon about 2024 and the direction of travel for the Oil & Gas industry?
Looking ahead to 2024, Aeromon is excited about the transformational direction happening in the Oil & Gas industry towards increased sustainability and net zero operations. We anticipate the development of new technologies to help mitigate airborne emissions, a growing emphasis on renewable energy transition, and a collective (industry) commitment in achieving the meaningful carbon reduction targets by 2030 and 2050.
We urge companies to embrace this transition and to be proactive in setting out realistic deadlines, at least in accordance with the EU regulation requirements. One urgent action for companies to move from aspiration to action is to inspect their sites and consider the current emission data as baseline to draw a clear and credible progress timeline. The path to net zero emissions requires companies and governments to first have a solid understanding of their current emissions, and after to develop an achievable implementation and mitigation plan.
Based on the results achieved by our partners, the discussion at COP28 and the emission reports made public by the UNEP's IMEO, for example, we know that the more complete and granular the data is, the more meaningful and effective methane reduction actions can be. Monitoring emissions helps asset managers in prioritizing capital towards the the largest and most cost-effective reduction opportunities.
Aeromon was founded in Finland in 2014 to bring previously unmeasurable emissions to light. We understand that you can only manage what you can measure and by providing situational awareness, visualised, real-time and actionable data to our customers we assist you in maintenance and upkeep, employee safety and to reduce your impact to the environment.
We are the market leader in Unmanned Aerial System assisted fugitive emission measurements for industrial customers. Area mapping, leak detection, and quantifying sources are all done in the most effective way available. The outcome for you is to have a comprehensive view of the plant’s current state and the base knowledge for improvements and investments. We have experience in helping our clients with OGMP 2.0 Level 5 requirements for site-level methane emission monitoring and reconciliation.
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