Reduction Policy Alberta Energy November 26, 2019 Albertas Cost - PowerPoint PPT Presentation

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Albertas Methane Emissions Reduction Policy Alberta Energy November 26, 2019 Albertas Cost -Effective Methane Emissions Reduction 2 Albertas Methane Emissions Reduction Regulation Target: 45% methane emissions reduction by 2025 from

Alberta’s Methane Emissions Reduction Policy Alberta Energy November 26, 2019
Alberta’s Cost -Effective Methane Emissions Reduction 2
Alberta’s Methane Emissions Reduction Regulation Target: 45% methane emissions reduction by 2025 from 2014 levels Objective: To take action on greenhouse gas to support environmental protection, natural resource jobs and ensuring lowest compliance cost to Alberta’s upstream oil and gas sector. Means: Methane Emissions Reduction Regulation (MERR) • Incorporates relevant provisions of D060 and D017, • Written under EPEA and allows for penalty provisions and a resident’s right to request an investigation of an alleged offence . • Comes into force January 1, 2020. 3
Alberta Approach • Alberta is currently exploring opportunities to mitigate the impacts of dual regulations . • Alberta recognizes the significant contributions of industry and technology experts to support innovation: o Providing verified methane emissions data and information (e.g., OneStop) o Adoption of technology and execution of field trials supporting innovation o Continued collaboration to achieve excellence. 4
Enabling Action to Increase Reductions • Alberta Offset System – 3 oil & gas methane – specific protocols. • Technology Innovation Emission Reduction (TIER) – incents methane reductions at larger facilities. • TIER oil & gas opt-in only includes stationary combustion. • Other policies and programs are under review to support our new approach. 5
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