This week the United Nations Intergovernmental Panel on Climate Change (IPCC) released its latest report which assess scientific, technical, and socio-economic information concerning climate change. The report includes research and recommendations from leading scientists around the world and will provide the main scientific input at COP28 and the Global Stocktake, where countries will review progress towards the Paris Agreement goals, later this year.
Oxford Flow CEO, Neil Poxon, was quoted in World Pipelines discussing the need for scrutiny in every aspect of our energy systems… right down to the valves:
«Following this report, Neil Poxon, CEO at Oxford Flow, reacted to the findings, highlighting the need for industry to consider every aspect of our systems to eliminate unnecessary emissions and/or risk, while driving forward the energy transition.
Neil Poxon said on 20 March: “Today’s IPCC report demonstrates an urgent need to reduce GHG emissions, now. An often-overlooked contributor of GHG emissions are valves, which account for approximately 60% of fugitive emissions, and not enough is being done across high-emitting industries, like gas networks or fossil fuel production, to remove, replace and innovate.
“Our goal has always been to create valves that not only eliminate emissions but go beyond that, enabling the energy transition by getting ahead of the problem to develop solutions that are suitable for emerging sectors like hydrogen. If we are to meet targets and avoid the damning findings of the latest IPCC report, we need to think about every aspect of our energy systems, instead of overlooking what is deemed to be ‘fine’ or only a small part of the puzzle. Every piece of the puzzle needs to be scrutinised for long-term change to be possible.”»