What is the focus of the study?

The Wood Mackenzie study assesses the impacts of the importer requirements (Article 28) of the Methane Emissions Regulation (EUMR) on crude oil and natural gas imports into the EU in the 2027-2035 time-period. 

Which scenarios does the study consider?

The study models two scenarios: the ‘Default scenario’, which assumes implementation of the EUMR ‘as is’; and the ‘Adaptive scenario’, where Article 28 is modified to allow greater flexibility in granting country-level Monitoring, Reporting and Verification (MRV)...

What is the main takeaway of the study?

The EUMR’s importer requirements could have a significant negative effect on the availability and affordability of energy in the EU as of 2027 if implemented ‘as is’ and changes are not made. 

Why is the study relevant in the current context?

As Europe recovers from the energy crisis, implementing the EU Methane Regulation’s requirements could lead to a new supply shock.   The study gives policymakers a chance to take action and make adjustments to the Regulation before it enters into...