Minimising Greenhouse Gases in the Petroleum Sector: The Opportunity for Emerging Producers

Minimising Greenhouse Gases in the Petroleum Sector: The Opportunity for Emerging Producers

  • 19 Oct, 2022
  • Array
  • 3:00 pm

The African Natural Resources Management and investment Centre of the African Development Bank Group and the New Petroleum Producers Group (NPG) are hosting a webinar to discuss the findings of their forthcoming report “Minimising Greenhouse Gases in the Petroleum Sector: The Opportunity for Emerging Producers”.

Register here

Commitments have been made by large oil and gas companies to decarbonise and aim to reach net zero carbon emissions by mid-century. A broader challenge lies in translating emission pledges to implementation in business practices.

Similarly, oil producing countries need to move beyond abstract goals and devote political capital to forging a new path. This requires combining climate commitments at national level (nationally determined contributions (NDCs) and international net zero goals with national planning and operational petroleum sector decisions. In this context, Africa’s new and emerging producers can leap-frog mature producers and position themselves at the lower end of the emission intensity spectrum, ensuring that the sector’s long-term emissions profile is reflected in NDCs.

A recent policy paper jointly produced by the Bank and the NPG discusses emerging frameworks and technologies for decarbonising the oil and gas sector. It offers practical policy recommendations on how to design legal, fiscal, and regulatory frameworks to obtain lowest emissions projects. Policy makers, regulators, industry actors, environment agencies and academia across the continent will gather to discuss opportunities for Africa’s petroleum sector to decarbonise, based on insights from the policy paper and case-country experience from selected producing countries.

 

Speakers :

  • Dr. Valerie Marcel, Project lead – NPG and Associate Fellow, Chatham House
  • Elisabeth Margaret Mitchell, Independent Advisor and Consultant to the African Development Bank Naadira Ogeer, Economic Advisor, Commonwealth Secretariat
  • Davinah Milenge, Program Coordinator, Climate Change and Green Growth, African Development Bank Philips Obita, Chief Operating Officer- Upstream, Uganda National Oil Company
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