EU crackdown on methane emissions: Brussels opens the door to blocking fines

EU crackdown on methane emissions: Brussels opens the door to blocking fines
The flags of the European Union waving in front of the Commission headquarters in Brussels (REUTERS) REUTERS

Brussels effectively freezes the crackdown on methane emissions into the atmosphere, associated with fossil fuel imports. The Commission in fact recommended to the Twenty-Seven, on July 20, to suspend for three years the sanctions provided for oil and gas companies that do not comply with EU requirements.

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Part of the industry sectors and exporting countries, starting with Qatar and the United States, have expressed opposition to the regulation. A front of 17 states, including Italy and Germany, has then taken a stance in favor of postponing the entire legislation.

On opposite positions, environmental organizations emphasize that methane has a warming power about eighty times greater than carbon dioxide, but a relatively short life cycle. Consequently, limiting the leaks of this greenhouse gas would have effects in relatively short times on the increase of average global temperatures.

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According to the European legislation adopted in 2024, from next year, importers of gas, oil, and coal in the EU must monitor and report methane emissions associated with their supplies, to limit them.

The Commission holds firm the 2027 deadline for the entry into force of the regulation, but opens the possibility of suspending, until the end of 2029, the imposition of fines (which can reach up to 20% of annual turnover) for importers who do not comply with the emission reporting obligations.

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