IEA says Don’t ignore the impact of methane: In the fight against climate change, reducing methane emissions is equally as essential as reducing carbon emissions, according to a new research from the International Energy Agency (IEA).
According to the report, fossil fuel activities generated about 120 million tonnes of methane in 2020, the majority of which was due to leakage along the production and supply chain that operators did not collect or avoid.
According to the IEA, 70 percent of current emissions from oil and gas activities are preventable, and 45 percent could be prevented at no net cost since the value of the collected gas exceeds the cost of preventing it in the first place.
It is supporting the United Nations’ Worldwide Methane Pledge, which aims for a 30% decrease in global methane emissions from human activity by the end of the decade.
“At a time when we are constantly being reminded of the damaging effects of climate change, it is inexcusable that massive amounts of methane continue to be allowed to just seep into the air from fossil fuel operations.” said, Faith Birol, IEA Executive Director.
“These emissions are avoidable; the solutions are proven and even profitable in many cases. And the benefits in terms of avoided near-term warming are huge.”
IEA says Don’t ignore the impact of methane: