The Regulation establishes a comprehensive legal framework for the measurement, reporting and verification of methane emissions in the energy sector. It mandates mitigation measures to prevent methane emissions, such as detecting and repairing leaks, as well as limiting venting and flaring. Importers and exporters of oil, gas and coal into the EU will be subject to the obligations and associated reporting requirements.
We can assist both importers and exporters in navigating the new requirements under the Regulation, and to seek a dialogue with EU lawmakers in order to find pragmatic solutions for the challenges the new EU law might create. We can advise on contract modifications to ensure compliance and mitigate the risk of penalties, but we can also help you in approaching EU decisionmakers with the right message, and at the right time.
Additionally, we can provide support in monitoring the drafting of the delegated act related to the equivalence mechanism, including organizing meetings with relevant technical units within the European Commission, as encouraged by Recital 73 of the Regulation. Our team can assist in ensuring that exporters from third countries can provide the necessary evidence of equivalence, ensuring compliance with the EU’s legal framework while taking into account the specific regulatory mechanisms of their home countries.
