COP28: Germany praises efforts to curb methane emissions

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🗞️ Driving the news: At COP28, Germany has commended the global efforts to reduce methane emissions, highlighting the importance of tackling this potent greenhouse gas
• The country has voiced support for initiatives that would curb methane emissions, urging more countries and companies to act

🔭 The context: Methane, a highly potent greenhouse gas with an effect 30 times stronger than carbon dioxide, contributes substantially to climate change
• Efforts to reduce methane emissions are gaining prominence as a necessary component of broader climate action strategies

🌍 Why it matters for the planet: Targeting methane emissions is vital for mitigating immediate climate impacts
• Methane's high global warming potential means that effectively reducing its emissions can have a rapid and significant effect on slowing climate change

⏭️ What's next: The focus will likely continue on developing and implementing strategies for methane reduction across various sectors
• This includes improving agricultural practices, managing waste more effectively, and addressing emissions from the energy sector

💬 One quote: "When it comes to methane, there's a major opportunity to achieve a great deal very quickly with limited financial resources," (Stefan Wenzel, State Secretary in the German Climate Ministry)

📈 One stat: 50 oil companies have pledged to hit near-zero methane emissions and stop flaring by 2030, representing nearly half of global oil production

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