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OIL AND GAS
EU, US urge others to join methane reduction pledge
by AFP Staff Writers
Brussels (AFP) Sept 18, 2021

The European Union and the United States on Saturday called on more nations to join a pledge to slash methane gas emissions and cut warming by at least 0.2 degrees Celsius by 2050.

The initiative -- unveiled by President Joe Biden on Friday -- means countries would commit to a collective goal of reducing emissions of the powerful greenhouse gas by at least 30 percent from 2020 levels by 2030.

"Important step taken with President Biden towards a Global Methane Pledge," European Commission chief Ursula von der Leyen wrote on Twitter.

"We will reach out to global partners to bring as many as possible on board for tackling methane emissions."

A joint statement from the EU and US said that Argentina, Ghana, Indonesia, Iraq, Mexico, and the United Kingdom had "already indicated their support" for the pledge.

The initiative is set to be formally launched at the major COP26 summit organised by the United Nations in Glasgow, Scotland in November.

"Methane is a potent greenhouse gas and, according to the latest report of the Intergovernmental Panel on Climate Change, accounts for about half of the 1.0 degrees Celsius net rise in global average temperature since the pre-industrial era," the statement said.

"Rapidly reducing methane emissions is complementary to action on carbon dioxide and other greenhouse gases, and is regarded as the single most effective strategy to reduce global warming in the near term and keep the goal of limiting warming to 1.5 degrees Celsius within reach."


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OIL AND GAS
Biden announces methane gas cuts goal ahead of UN climate summit
Washington (AFP) Sept 17, 2021
US President Joe Biden on Friday announced a bid with the European Union to lead slashing of methane gas emissions ahead of a UN climate change summit where he urged the world to show "highest" ambition. "We're working with the European Union and other partners... (on) a global methane pledge to reduce global methane emissions by at least 30 percent below 2020 levels by 2030," Biden said from the White House at a virtual forum with nine foreign leaders. This will "not only rapidly reduce the rat ... read more

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