Benefits for companies

Benefits for companies

1

More accurate data enables effective mitigation: thanks to OGMP 2.0, companies have a better understanding of their emissions and can target mitigation efforts to the largest sources.

2

Supporting global and national climate efforts under Paris Agreement & Global Methane Pledge.

3

Provide confidence to regulators, investors and the general public that members manage emissions in a responsible and transparent way and progress towards announced targets.

4

Market access: Future border adjustment taxes will favour low methane gas that should be demonstrated through OGMP 2.0 Gold Standard.

5

Funding Access: OGMP 2.0 membership required to access funding from World Bank’s Global Flaring and Methane Reduction Partnership (GFMR).

6

Access to the OGMP 2.0 community of practice: knowledge, experience and best practice sharing platform through annual implementation conferences, quarterly technical workshops and OGMP 2.0 Mentoring Programme.

7

Privileged access to UNEP’s Methane Alert and Response System (MARS): Be notified at the very beginning of the formal notification process to allow for swift mitigation on the ground.

8

Participate in writing OGMP 2.0 rules which might ultimately become industry guidance and team up with other companies on complex technical topics.