Routing flaring must end by 2030 to meet 50pc emissions reduction target
UK oil and gas could miss 2030 emissions reduction target – OGA
Regulator urges industry to ramp up efforts to electrify infrastructure and stop routine flaring to meet 50pc emissions target
The UK oil and gas industry is on course to meet 2025 and 2027 emissions targets outlined by the North Sea Transition Deal (NSTD), but will miss the 2030 target unless action is taken, according to a report by regulator the Oil and Gas Authority (OGA). Under the NSTD, the industry must reduce emissions from a 2018 baseline by 10pc by 2025, by 25pc by 2027 and by 50pc by 2030, reaching net zero by 2050. Overall upstream emissions fell by 11pc from 2018 levels in 2020. However, the OGA notes that given “2020 was a very unusual year for industry activity” due to Covid-19 and the oil price crash, “the sector must ensure recent reductions are sustained”. Sustaining the current rate of emissions r
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