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 cut back international methane emissions to maintain the aim of limiting warming to 1.5 levels Celsius inside reach. A complete of over 100 international locations representing 70% of the worldwide financial system and nearly half of anthropogenic methane emissions have now signed onto the pledge.

The robust international assist for the Pledge illustrates rising momentum to swiftly scale back methane emissions—broadly thought to be the only simplest technique to cut back international warming, the Commission stated.  Countries becoming a member of the Global Methane Pledge decide to a collective aim of decreasing international methane emissions by at the least 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 give attention to excessive emission sources.  The international locations who’ve joined the Pledge symbolize all areas of the world and embody representatives from developed and growing nations.

The US and EU additionally introduced a major growth of monetary and technical assist to help implementation of the Pledge. Global philanthropies have dedicated $328 million in funding to assist scale up of some 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 via each technical help and undertaking finance.  The International Energy Agency may also function an implementation associate.

Delivering on the Global Methane Pledge would scale back warming by at the least 0.2 levels Celsius by 2050, offering an important basis for international local weather change mitigation efforts.  In addition, in keeping with the Global Methane Assessment from the Climate and Clean Air Coalition (CCAC) and the United Nations Environment Programme (UNEP), reaching the 2030 aim would forestall over 200,000 untimely deaths, a whole bunch 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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