An introduction to sustainable finance instruments
Creating the right financial instruments can enable cash-constrained national oil companies to pursue rapid oil and gas methane abatement.
The oil and gas industry is a major source of greenhouse gas emissions, including from methane leakage and flaring. National oil companies (NOCs) produce more than half the world’s oil and gas and are responsible for an even higher share of related methane emissions.
Some NOCs in lower-income countries face funding constraints that limit their ability to invest in methane abatement. As such, financial instruments that encourage NOC action on methane emissions can be powerful tools to fight climate change.
Methane abatement at NOCs presents a unique set of challenges, and designing instruments to meet them requires innovation…
Read the full article originally published at business.edf.org.