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 objective 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 cut back methane emissions—broadly thought to be the only only technique to cut back international warming, the Commission stated.  Countries becoming a member of the Global Methane Pledge decide to a collective objective of decreasing international methane emissions by no less than 30 p.c from 2020 ranges by 2030 and shifting in direction of utilizing finest accessible stock methodologies to quantify methane emissions, with a specific concentrate on excessive emission sources.  The international locations who’ve joined the Pledge characterize 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 these kind of 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 means of each technical help and undertaking finance.  The International Energy Agency will even function an implementation companion.

Delivering on the Global Methane Pledge would scale back warming by no less than 0.2 levels Celsius by 2050, offering a vital basis for international local weather change mitigation efforts.  In addition, based on the Global Methane Assessment from the Climate and Clean Air Coalition (CCAC) and the United Nations Environment Programme (UNEP), reaching the 2030 objective would forestall over 200,000 untimely deaths, a whole lot 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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