![]() ![]() The lack of reliable emissions data has made it hard for governments to carry out targeted action at the scale and speed needed to achieve the objectives of the Global Methane Pledge (GMP). IMEO is creating the world's first global public database of empirically verified methane emissions, starting with the fossil fuel sector, at a level of granularity and accuracy never achieved before. Global methane emissions must be reduced by 40-45 per cent by 2030 to achieve cost-effective pathways that limit global warming to 1.5☌, according to the Intergovernmental Panel on Climate Change report.Īn Eye on Methane highlights the critical role of the International Methane Emissions Observatory (IMEO), a UNEP initiative that drives action on slashing methane emissions. Methane is a powerful greenhouse gas contributing to at least a quarter of today’s climate warming. If the industry is serious about a net-zero future – as it must be to provide a shot at health, wealth, and prosperity for all – this must be the long-term goal.” “Looking at the bigger picture, the best way for the oil and gas industry to end methane emissions, and all emissions, is to rethink entirely their roles as energy companies. We need more companies to act, and they must be bolder. Companies are making progress, but they must move faster and harder. “Cutting methane emissions is the fastest way to tackle climate change in the short-term, as it remains in the atmosphere for far fewer years than carbon dioxide. “As UNEP’s recent Emissions Gap Report showed, the world is far off track to keep climate change to 1.5☌,” said Inger Andersen, Executive Director of UNEP. Of these, 60 members are on the Gold Standard pathway to reach the highest level of disclosure. ![]()
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