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Global Marine Environment Protection (GMEP)

Global Marine Environment Protection (GMEP)



Ensuring Global Protection of the Marine Environment

To provide the world with reliable and affordable energy, producers are extending the search for and production of oil and gas into the frontier fields of our resource base. Industrial activities both on the shelf and in the deep water are thus accelerating, as producers seek security of the energy supply and economic growth. At the same time protection of the marine environment remains a key policy priority and condition to unfolding commercial operations of energy companies.

Prompted by the 2010 Deepwater Horizon accident, which caused the largest oil spill ever in the Gulf of Mexico, Russia proposed the Global Marine Environment Protection Initiative (GMEP) at the Toronto Summit (June 2010). The proposal received consensual support. At the Seoul Summit a GMEP group was established and charged with creating a best-practice-sharing process for the exchange of information on measures to safeguard the environment and prevent accidents.

Based on common G20 consensus, the Russian Presidency seeks within the context of the Global Marine Environmental Protection Initiative to set up a process for sharing best practices that can result in developing mechanisms capable of preventing accidents related to offshore oil and gas exploration. This GMEP best-practice process is seen as a voluntary platform for cooperation among interested G-20 countries, other countries, and all interested stakeholders.

The Energy Sustainability Working Group in 2013 will work on these issues.

Two meetings of the ESWG are scheduled in February and June of 2013. They will be complemented by extensive consultations throughout the year. By the end of 2013 the ESWG aspires to deliver the following:

Two meetings of the ESWG are scheduled in February and June of 2013. They will be complemented by extensive consultations throughout the year. By the end of 2013 the ESWG aspires to deliver the following:

  • Finance Ministers' progress report on the G20's contribution to enhancing transparency and functioning of international commodity and energy markets. The report may take into account the findings of the expected report by the IEA, IEF, OPEC on setting up practical steps to increase transparency in international gas and coal markets as well as IOSCO report on the implementation principles of the PRA’s.
  • Recommendations for setting up a framework for forecasting commodity market volatility. Forward-looking perspective on anticipated cases of commodity market volatility for those cases when price fluctuations may adversely affect stability of budgets and/or have negative socio-political impact. Recommendations for setting up a framework for forecasting such cases; either contained within the Finance Ministers’ report or created as a self-standing contribution on practical measures to increase transparency and reliability of the markets.
  • Draft principles for efficient energy markets regulation to stimulate infrastructure investments and integrate green growth and sustainable development priorities into structural policies;
  • Methodological recommendations on the voluntary peer review process for fossil fuel subsidies; addressed to by those G20 members who are willing and ready to participate – possibly accompanied by country reviews.
  • Progress report on JODI-oil with an assessment of its added value; an initial overview of the launch of JODI-gas and suggestions on how to improve work in data collection, including possible consideration of relevant data comparability and availability between physical and financial markets.
  • A draft plan for a best practice database of green energy and energy efficiency policies and management approaches used by members of the G20;
  • Fully operational GMEP website to launch the Initiative’s mechanism of sharing best practices.
  • Findings of a number of expert workshops and seminars on selected energy agenda issues as a means of analytical support to the discussions of the working group, linked where appropriate to the face-to-face working group meetings.