As a small island developing state (SID) and net energy exporter, Trinidad and Tobago (T&T) has a unique position in the global energy transition and climate change space. The country has several opportunities to play an important role both regionally and globally through data disclosures and project implementation. But, there are also challenges to overcome. With natural gas touted as the gateway fuel for the transition, the country has the twin challenge of producing more gas to serve its domestic petrochemical industry and exporting LNG to its global clientele.
Also, as an energy-intensive SID, living up to global commitments on reducing greenhouse gas emissions ties into the country’s own green economy policies, regulations and procedures.
T&T has already committed, through the Paris Climate Change agreement, to reduce its industrial, power generation and transport sector emissions by 15 per cent by 2030.
In absolute terms, this means reducing cumulative emissions by 103 million tonnes of CO2 equivalent (MtCO2e), inclusive of emissions from the industry sector of 72 MtCO2e. As at 2018, it was reported that total GHG emissions in T&T amounted to approximately 45 MtCO2e; of which 60 per cent were attributable to the industry sector. Given these targets and our unique position, capturing data on environmental indicators makes sense. Apart from our other obligations, the Extractive Industries Transparency Initiative also mandates participating countries to disclose a host of environmental indicators such as social and environmental impact assessments, regulatory and monitoring frameworks and emissions disclosures.
T&T is an EITI implementing country and the TTEITI Steering Committee (SC) has also taken an active role in ensuring information on emissions and other environmental indicators are in the public domain.
As part of an environmental reporting pilot project, the SC requested companies share more detailed disclosure of environmental indicators. The SC requested information on scope 1 GHG emissions (co2, methane etc); resource/energy use (water, electricity, oil and natural gas consumption); air and water pollution permits; Certificates of Environmental Clearance and Environmental Impact Assessments; fines and notices of violations and best management practices companies used to reduce carbon footprint or improve energy efficiency.
In 2022, the National Gas Company of T&T (NGC) was the first company to participate in the pilot project, and they were also the first company globally to disclose granular emissions data within the EITI framework.
In 2023, Touchstone also participated in the pilot and disclosed its emissions and other data. In 2024, there was a marked increase in companies participating.
The companies divulging environmental information for this report include: De Novo, EOG Resources, Hydrocarb Trinidad Ltd, Heritage Trinidad Ltd, Hermitage Limestone Ltd, National Quarries Company Ltd, NGC, Touchstone Energy, Trinity Exploration and Columbus Energy.
Total CO2, methane and nitrous oxide emissions for all participating companies were 279,848, 13,398,227 and 19,467 tonnes of CO2 equivalent respectively.
Participating companies also highlighted several steps taken to offset emissions and improve operational efficiency including:
• Vent gas verification and optimisation programmes;
• Embedding sustainability criteria into supply chain management;
• Research and development projects on blue methanol and carbon capture and storage technologies;
• Reforestation initiatives;
• Increased pipeline inspections, leak detection and repair;
• Upgrading of GHG calculators to improve capture of measured vented and fugitive data;
• Introducing solar lighting and energy efficiency training
This information, from the report, was already shared with the Environmental Management Authority (EMA) and complements the EMA’s National Transparency System (NTS). This system is a data management and reporting platform aimed at monitoring, analysing, and reporting on key indicators linked to the country’s climate action strategies and targets of the Paris agreement Nationally Determined Contribution targets.
According to the EMA, “The tool carefully tracks improvements in key areas like electricity generation, transport, and manufacturing. It looks at how greenhouse gas emissions are being reduced, how much less electricity is being used, and how much renewable energy is being brought into the overall energy mix. It also checks how the whole economy uses energy and how aware the public is about saving energy and using renewable sources.
“The adaptation indicators cover both measurable and descriptive aspects, evaluating how well we are adapting in various fields, from agriculture data to the creation of new policies. This system is built to understand how different sectors work together, providing a complete framework for addressing climate issues.”
This data is a pathway to reform.
The impact of climate change for the country is visceral given changing weather patterns and greater focus globally on the energy transition. The speed of this transition will impact future energy commodity prices and our production outlook. Data on environmental indicators is critical to designing the right legislative and regulatory framework for both climate change mitigation and adaptation.
This data will help us assess whether we are fulfilling our climate obligations. The TTEITI will also continue providing information to enable public understanding of extractive companies’ social and environmental contributions and disclose the relevant legal provisions and administrative rules governing environmental and social impact management and monitoring in the extractive sector.
The country’s status as an energy intensive SID demands we continue to focus on analysing trends in these indicators to assess where we stand and our response to continuing climate change challenges.
BOX – T&T’s initiatives on NDC targets
According to the country’s Third National Communication to the United Nations Framework Convention on Climate Change (UNFCCC) several initiatives have commenced to help the country meet its targets.
These include:
• The development of a monitoring, reporting and verification system for tracking national greenhouse gas emissions and a forecasting model to project emissions to 2050;
• The development of an integrated resource and resilience plan which focuses on expansion planning and climate and vulnerability assessments;
• The development of a feed-in tariff;
• An update of the National Climate Change Policy to align with the Paris accord targets;
• The development and deployment of a just transition workforce policy to address any socio-economic issues
Visit http://www.tteiti.com/www.tteiti.com for more information on environmental and other disclosures.