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Fostering the Phase Out of Methane Emissions in Fossil Fuels Sectors
AUTHOR:IFF
FROM:IFF
TIME:2023-06-28
Methane emissions play a major role in the rise of temperature globally. Phasing out methane emitted in the atmosphere would significantly contribute to dampen global warming.
With about 25% of methane emissions globally, fossil fuels (oil, gas and coal) rate second after livestock. Phasing them out would be the easiest, fastest and most visible approach to fight the rise of temperature.
This current meeting is in line with the side event which has been organised on methane by the Task Force and the International Finance Forum at COP27 in Sharm El-Sheikh. It is part of the preparatory programme to a side event at COP28 in Dubai where we expect to present suggestions to accelerate the phasing out of methane in the fossil fuels sectors. The first preparatory meeting took place on March 20th on the theme “Methane and Global Warming: Facts and Figures”. A third event will be organised in September, focused on the firms concerned.