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Data: International Energy Agency; Chart: Thomas Oide/Axios

New International Energy Agency analysis sees cost-effective pathways to steeply cut oil-and-gas sector emissions of the potent greenhouse gas methane far more than what's projected under existing policies.

Driving the news: The report looks at methane from the fossil fuel sector and how to achieve a 75% cut by 2030 that's consistent with IEA's wider roadmap for net-zero global greenhouse gas emissions by 2050.

The big picture: That would require efforts far beyond current initiatives, but it's feasible, especially for oil-and-gas emissions, IEA said.

  • "[I]t is possible to avoid more than 70% of current emissions with existing technology, and where around 45% could be avoided at no net cost," it finds.

Why it matters: "Methane has contributed to around 30% of the global rise in temperatures to date," IEA notes.

Go deeper

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, N.M. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."

Ben Geman, author of Generate
Nov 29, 2021 - Energy & Environment

Oil-and-gas leasing plan shows climate agenda's limits

Illustration: Sarah Grillo/Axios

The big policy news over the break was the Interior Department's Black Friday release of its review of oil-and-gas leasing policy.

Catch up fast: The long-awaited document recommends higher royalty rates, bidding costs and rental costs.

Nov 26, 2021 - World

Russian coal mine blast kills at least 52 people

Russian Emergencies Ministry employees work at the Listvyazhnaya coal mine in the town of Belovo in the Kuznetsk Coal Basin in Kemerovo Region, southwestern Siberia. Photo: TASS via Getty Images

A methane gas leak and explosion at a Siberian coal mine killed at least 52 people on Thursday, including six rescuers, Russian officials said.

The big picture: Russia's worst mining disaster in more than a decade occurred at the Listvyazhnaya mine in the Kemerovo region after gas filled a ventilation shaft, suffocating workers there, per the New York Times.