The Oil and Gas Methane Partnership 2.0 (OGMP 2.0) is the premier oil and gas reporting and mitigation framework put forth by the United Nations Environment Programme (UNEP). Uniquely standing as the only one of its kind, this program holds a critical position in global climate action initiatives. Designed to accelerate the reduction of methane emissions and improve transparency in the oil and gas sector, it serves as an international benchmark and a powerful tool in the worldwide push for sustainability.
1. The Oil and Gas Methane Partnership 2.0 (OGMP 2.0) is a program from the United Nations Environment Programme (UNEP) which serves as the main oil and gas reporting and mitigation framework.
2. OGMP 2.0 holds a crucial role in global climate action initiatives, focusing on reducing methane emissions and promoting transparency in oil and gas sector.
3. It sets the international standards and acts as a potent instrument in the global pursuit for sustainability.
4. The program provides a unique international platform for both large and small oil and gas companies to partake in actions against climate change.
5. The OGMP 2.0 framework includes globally coordinated efforts that involve tracking, reporting, and mitigating methane emissions – which significantly contributes to global warming.
As of 2020, OGMP 2.0 covers approximately 30% of the total oil and gas production globally.
The OGMP 2.0 stands as a unique global platform for both big and small players in the oil and gas industry to contribute toward mitigating climate change. As the UNEP's primary reporting and mitigation framework for this sector, it showcases the UN's commitment towards fostering environmental sustainability across all industrial sectors. Its exclusivity lies in its wide array of globally coordinated efforts which encompass tracking, reporting, and reducing methane emissions - a significant contributor to global warming.