DUBAI
– On Saturday, nearly 12 major charitable organizations pledged a staggering
$450 million over the next three years to assist nations in addressing methane
emissions, the second most significant greenhouse gas, taking center stage in
global climate negotiations. The announcement was made by prominent charities,
including the
Bezos Earth Fund, Bloomberg
Philanthropies, and the
Sequoia Climate Foundation, Reuters and Al-Mamlaka TV reported.
اضافة اعلان
COP28 unveiled:This
charitable consortium aims to expedite the gradual reduction of methane
emissions, along with other heat-trapping gasses, apart from carbon dioxide.
The commitment is unveiled at a crucial time as the United States, the United
Arab Emirates, and China prepare to make several announcements at the
UN Climate Summit (COP28) this Saturday, focusing on securing additional funding
to address the methane issue. Nations are actively advancing new plans to curb
these emissions.
Climate experts' insights:
Climate
experts emphasize the legal binding of methane reduction efforts in a summit
agreement as a top priority. Methane, with a higher warming potential than
carbon dioxide, has a shorter atmospheric lifespan. This means immediate
impacts on climate change mitigation can be achieved by
curbing methane emissions. Various sources, including oil and gas production, agriculture,
waste dumps, and food waste, contribute to methane emissions.
Global commitment and challenges:
Since
2021, over 150 countries have pledged to reduce methane emissions by 30 percent
from 2020 levels by 2030, under the Global Methane Pledge led by the United
States and the European Union. However, few countries have provided detailed
plans on how they intend to achieve this commitment. Cairos, a research company
tracking methane emissions, reported on Friday that despite the commitments,
methane emissions have not decreased; in fact, they are rising in some
locations.
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