EPA and China's National Development and Reform Commission (NDRC) will co-host the Expo, in cooperation with several key Chinese ministries and corporations. An array of international organizations will participate as organizing sponsors, including: the Asian Development Bank, the Australian Government, the United Kingdom's Department for Environment Food and Rural Affairs, Environment Canada, the International Energy Agency, and the U.N. Economic Commission for Europe.
'The Methane to Markets Expo is a unique opportunity to promote public-private partnerships which deliver benefits that are good for the environment, good for energy security and good for our wallets,' said Marcus Peacock, EPA's deputy administrator. 'EPA is committed to being a good global neighbor by exporting America's environmental successes to our international partners.'
Twenty times more effective than carbon dioxide at trapping heat in the atmosphere, methane, the primary component of natural gas, is both a potent greenhouse gas and a valuable energy resource. The Methane to Markets Partnership focuses on promoting near-term, cost-effective projects that capture and use methane emissions as a clean energy source. The partnership focuses on project opportunities in agriculture, coal mining, landfill, and oil and gas sectors, where the collection and utilization of methane is possible using currently available technologies.
The Expo's 'International Methane Capture Marketplace' will be the first international forum devoted to the promotion of project opportunities and technologies related to methane recovery and use. It will be held in Beijing's China World hotel and up to 600 participants are anticipated from the public and private sector from countries spanning the globe.
The Expo will provide attendees with the opportunity to:
- Showcase project opportunities for potential investors
- Meet with potential project partners and financiers
- Learn about the latest technologies and services
- Explore key technical, policy, and financial issues
The United States and 13 other countries launched the Methane to Markets Partnership in November 2004. By 2015, Methane to Markets has the potential to reduce annual methane emissions by up to 50 million metric tons of carbon equivalent – roughly equal to three times the greenhouse gas emissions from the electricity generated in New York State each year.