A draft of the pledge said the U.S. and EU will agree to target the energy sector with both domestic and international measures and require companies to fix leaks in their infrastructure
The United States and European Union plan to unveil a joint agreement at the UN climate summit this week to step up efforts to reduce emissions of the potent greenhouse gas methane from the fossil fuel sector, and are hoping other nations will sign up.
The declaration would build on an agreement spearheaded by the United States and EU last year to slash methane emissions 30 per cent by 2030 from 2020 levels. The draft said signatories could also bolster monitoring and reporting of methane emissions – forcing companies to face up to the scale of their problem.
Methane has more than 80 times the planet-warming potency of CO2 in its first 20 years, but breaks down faster in the atmosphere, making it a high value target in near-term efforts to slow climate change. Agriculture is the top source of methane emissions worldwide, but experts say the energy sector can cut emissions faster – and often at low cost.
U.S. liquefied natural gas deliveries to the EU have jumped this year as Russian gas supply to Europe dipped following its invasion of Ukraine.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rex Murphy: How Chrystia Freeland could save everyone's Disney+ subscriptionStop trying to suppress oil and gas development and their could be streaming aplenty for everyone
Read more »
Canada ruffles some feathers at COP27 by including oil and gas representatives in its delegation\u0027There really is no solution without the industry\u0027: oil and gas executives from Canada are attending the COP27 climate conference. Read on.
Read more »
Canada ruffles some feathers at COP27 by including oil and gas representatives in its delegation\u0027There really is no solution without the industry\u0027: oil and gas executives from Canada are attending the COP27 climate conference. Read on.
Read more »
Energy Transition Centre opens its door in downtown Calgary - BNN BloombergThe centre is a partnership between the University of Calgary, Innovate Calgary and Avatar Innovations, a local company that works with the oil and gas sector on innovation and technology.
Read more »
Canada ruffles some feathers at COP27 by including oil and gas representatives in its delegation\u0027There really is no solution without the industry\u0027: oil and gas executives from Canada are attending the COP27 climate conference. Read on.
Read more »