Nearly 90 countries join pledge to reduce methane emissions

Share:

Nearly 90 countries have joined a U.S. and EU-led effort to decrease emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said.

Methane is the main greenhouse gas after carbon dioxide. It has a higher heat-trapping potential than CO2 but breaks down in the atmosphere faster – meaning that cutting methane emissions can have a rapid impact on reining in global warming.

Reuters state that “the Global Methane Pledge, which was first announced in September, now includes half of the top 30 methane emitters accounting for two-thirds of the global economy, according to the Biden administration official.”

One of the world’s top five biggest emitters of methane is Brazil who are now a new signatory of the pledge. However, China, Russia and India, also top-five methane emitters, have not signed on to the pledge, despite being targeted to join. 

United States and European Union have worked hard to get the world’s biggest methane emitters to join the partnership, since it launched back in September. There were roughly 60 countries signed up only last week, after a final diplomatic push from the United States and EU ahead of the current COP26 summit.

Reuters go on to state that “while it is not part of the formal U.N. negotiations, the methane pledge could rank among the most significant outcomes from the COP26 conference, given its potential impact in holding off disastrous climate change.”

A U.N. report in May said steep cuts in methane emissions over the coming decade could deter an increase of 0.3°C of global warming by the 2040s. The 30% methane cut would be jointly achieved by the signatories, covering all sectors. Key sources of methane emissions include leaky oil and gas infrastructure, old coal mines, agriculture and landfill sites.

If fulfilled, the pledge is likely to have the biggest impact on the energy sector, since analysts say fixing leaky oil and gas infrastructure is the fastest and cheapest method to curb methane emissions.

Source: Reuters

Action on Climate change presents both opportunity and risk for fund selectors. One of many climate change targets is to encourage electrical vehicle usage and investment in renewables, which could provide an opportunity for ESG investors to compliment emission goals, while still making a return. On the other hand, investors in coal for example, could see their profits waver, if they fail to seek other sources of income as coal is phased out with the new green agenda.

View our blog for market news and company updates.

Register your interest in one of our events

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Refer a colleague

Register to receive your Contributor Brochure

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Register to receive your Membership Brochure

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Register to receive your
Event Media Pack

By clicking “Submit” I acknowledge I have read and agree to the Privacy Policy. Evenco will not share or sell your contact details with any third party sources.

Privacy Policy

The data controller is: Evenco International Limited, 1 Ropemaker Street, London, Greater London, England EC2Y 9HT.

Evenco International is an executive conference organiser for the asset management community.

Your privacy is important to us. Accordingly we are committed to handling the personal information of all those we engage with responsibly and in a way that meets the legal requirements of the countries in which we operate.

This privacy policy explains the basis on which any personal data we collect from you will be processed by us in relation to the following:

Conference registration.
Email Marketing.
Face-to-face meetings with our Research team.

Except for the above, we do not process or analyse your information in any other way, including disclosing your information with third parties, unless required to do so by law.

Conference registration

If you sign up to attend one of our conferences, we will ask you to provide your professional details – in order to determine your suitability to attend our conference and share with you all logistical information. We will use this information internally to communicate with you. We request the following: name, job title, business address, email address and business telephone number. By attending our conferences we may pass the information we collect at registration to our conference sponsors. It gives our sponsors the opportunity to know who will be attending the conference. They can contact you after the conference for commercial reasons. It is, therefore, up to you whether you remain in contact with them. Evenco International will never share any of your personal data with potential sponsors without your explicit consent. After the conference, we will ask you to complete surveys regarding your experience with us. Information for us and the sponsors of the conference to which the feedback applies. We will check, of course, that you are happy to share your feedback and personal data with the sponsors. We will not share your feedback with other third parties without your explicit consent. There will be a photographer and/or videographer at our conferences. This may be used for future marketing material, our website and social media channels.

Email Marketing

When you register to attend one of our conferences, we will ask you if you wish to receive direct marketing from us regarding future conferences. You can choose to stop receiving them at any time by emailing info@evencointernational.es

Face to face meetings

Evenco International meets with its audiences prior to its events – meaning we will sometimes ask to meet you and ask you questions. We do not record these meetings. Any opinions that you express may be shared with specific sponsors – anonymously – on the condition that you give us your permission to do this.

Security

We ensure information once received is stored securely and only accessible with the correct authorisation. Electronic data and databases are stored on secure computer systems and we control who has access to information. However, a loss of personal data is known as a data breach. The General Data Protection Regulation imposes requirements on businesses to report breaches within 72 hours. We undertake to inform you if your personal data is compromised and there is a risk to your rights and freedoms as a result.

Contact Us

If you have any questions about this Privacy Policy or relating to our use of your information, write to our Data Protection Officer at Evenco International, 1 Ropemaker Street, London, Greater London, England EC2Y 9HT, or emailing info@evencointernational.es

Please also contact us if you wish to exercise your ‘Right to Access’ or ‘Right to be Forgotten’ under the General Data Protection Regulation.

Terms and Conditions

Evenco Analytics offers a free trial period for three months after subscribing to the service. You will not be charged for this product during your trial period. Before the trial expires, we will contact you to see if you wish to continue using the service and subscribe to a yearly subscription, where you can cancel if desired. You can also unsubscribe from Evenco Analytics for free at any time leading up to the first quarterly payment by contacting us at info@evencointernational.com. Standard rate for the product is £5k per annum, charged quarterly at £1250. Early bird and referral discounts are also available for subscribing to a full Evenco Analytics subscription – please contact us for more information. As our subscription is set up via invoicing, please note that there may be a short delay before you receive access to the platform, as we will need to approve your request.

Request a demo