The Methane Watch is first and foremost a mitigation tool intended for large emitters. Oil and gas producers in particular have an incentive to reduce GHG emissions from their operations, but measuring methane is technically challenging and companies lack the tools to monitor supply chains than stretch over thousands of kilometers.
The quantification and reporting capabilities of the Methane Watch are also relevant to energy importers. Utilities seeking to minimize Scope 3 emissions require information on the carbon intensity of their suppliers in order to differentiate among them, particularly in countries that have price carbon and/or may consider a carbon border tax.
Asset managers are another key target. The finance industry is increasingly focused on sustainability and transparency, but the voluntary disclosure of environmental performance falls short whenever companies are unwilling or unable to provide detailed information. The Methane Watch can fill that gap and give investors greater visibility on the carbon footprint of their portfolio.
Finally, the public sector can benefit from better data to inform policymaking. The market opportunity is likely to be limited by the budget of government agencies, think-tanks and organizations such as the IEA.
The Methane Watch is available in four different versions, adapted to the type of client.