EU, US and Partners launch Global Methane Pledge to maintain 1.5C inside reach

The European Union, the United States and companions formally launched on November 2 the Global Methane Pledge, an initiative to scale back world methane emissions to maintain the aim of limiting warming to 1.5 levels Celsius inside reach. A complete of over 100 nations representing 70% of the worldwide economic system and nearly half of anthropogenic methane emissions have now signed onto the pledge.

The robust world assist for the Pledge illustrates rising momentum to swiftly scale back methane emissions—extensively thought to be the one best technique to scale back world warming, the Commission stated.  Countries becoming a member of the Global Methane Pledge decide to a collective aim of lowering world methane emissions by a minimum of 30 p.c from 2020 ranges by 2030 and transferring in direction of utilizing finest out there stock methodologies to quantify methane emissions, with a selected deal with excessive emission sources.  The nations who’ve joined the Pledge signify all areas of the world and embody representatives from developed and growing nations.

The US and EU additionally introduced a major enlargement of monetary and technical assist to help implementation of the Pledge. Global philanthropies have dedicated $328 million in funding to assist scale up of a lot of these methane mitigation methods worldwide. The European Bank for Reconstruction and Development, the European Investment Bank, and the Green Climate Fund have dedicated to assist the Pledge by each technical help and challenge finance.  The International Energy Agency will even function an implementation companion.

Delivering on the Global Methane Pledge would cut back warming by a minimum of 0.2 levels Celsius by 2050, offering an important basis for world local weather change mitigation efforts.  In addition, in line with the Global Methane Assessment from the Climate and Clean Air Coalition (CCAC) and the United Nations Environment Programme (UNEP), attaining the 2030 aim would forestall over 200,000 untimely deaths, lots of of hundreds of asthma-related emergency room visits, and over 20 million tons of crop losses a 12 months by 2030.

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