As part of its plan to reduce greenhouse gas emissions and become carbon neutral by 2050, the European Union (EU) will consider the creation of a legally-binding framework at the international level for methane emission reduction, including in the energy sector. In its EU strategy to reduce methane emissions published on Wednesday, the European Commission said that the scope of actions for energy-related methane emissions covers the entire oil, natural gas, and coal supply chains, including liquefied natural gas (LNG), gas storage, and biomethane introduced into gas systems. “The Commission will consider methane emission reduction targets, standards or other incentives for fossil energy consumed and imported in the EU in the absence of significant commitments from international partners,” it said in its strategy. Methane is the second-largest gas contributing to global warming after carbon dioxide (CO2). According to estimates from the European Environment Agency (EEA), 53 percent of anthropogenic […]