EU steps up efforts to abate methane emissions with partners at COP29

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🗞️ Driving the news: At COP29 in Baku, the European Commission introduced a new Methane Abatement Partnership Roadmap aimed at reducing methane emissions from fossil fuel production and use
• This initiative, launched with global partners, sets a framework for methane monitoring and verification enhancements under the Global Methane Pledge
• The goal is to cut methane emissions by 30% by 2030, from 2020 levels, through collaborative policies and investments

🔭 The context: The Global Methane Pledge, established by the EU and the U.S., has over 150 countries committed to reducing methane, which has accelerated regulatory efforts
• Despite these commitments, the 2024 Global Methane Tracker reports that the world is not yet on track to meet its targets
• The Methane Abatement Partnership Roadmap represents the latest in a series of EU-led actions to enforce emissions reductions both within the EU and among international partners

🌍 Why it matters for the planet: Methane reduction is essential to meet climate targets, given that methane has a high short-term warming potential
• Reducing emissions from fossil fuel production can significantly help maintain the 1.5°C global warming limit
• The Roadmap’s framework emphasizes transparent monitoring and strategic financing, aiming to drive rapid emissions reductions

⏭️ What's next: The first examples of this roadmap’s implementation are set to be highlighted at COP30 in Brazil, demonstrating cross-border cooperation on methane reduction
Successful adoption could accelerate policy advancements and direct investments needed to meet the 2030 targets
The roadmap may also inspire similar frameworks globally, amplifying methane reduction efforts.

💬 One quote: “Reducing methane emissions from the energy sector is a low-hanging fruit for climate action... For the EU, it is clear: we will only be able to tackle methane emissions effectively if we work together across global supply chains,” - Commissioner Wopke Hoekstra

📈 One stat: Over 158 countries have joined the Global Methane Pledge, aiming to reduce methane emissions by 30% by 2030

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