The Prague Post - Energy crisis fuels calls to cut methane emissions

EUR -
AED 4.114065
AFN 72.259582
ALL 90.790621
AMD 404.158249
ANG 2.004979
AOA 1027.255243
ARS 1706.277137
AUD 1.605841
AWG 2.019222
AZN 1.908846
BAM 1.955598
BBD 2.254667
BDT 138.445698
BGN 1.95798
BHD 0.422456
BIF 3355.553362
BMD 1.120234
BND 1.430852
BOB 13.181638
BRL 5.562192
BSD 1.119484
BTN 106.219027
BWP 15.421407
BYN 3.28696
BYR 21956.591821
BZD 2.251367
CAD 1.568609
CDF 2594.46299
CHF 0.92428
CLF 0.028243
CLP 1105.065844
CNY 7.480981
CNH 7.472639
COP 3552.732992
CRC 510.847228
CUC 1.120234
CUP 26.866225
CVE 110.25361
CZK 24.330933
DJF 199.339408
DKK 7.473811
DOP 68.662907
DZD 150.487454
EGP 61.701626
ERN 16.803514
ETB 182.080891
FJD 2.506193
FKP 0.83772
GBP 0.83759
GEL 2.901844
GGP 0.83772
GHS 12.979659
GIP 0.83772
GMD 82.897735
GNF 9906.976581
GTQ 8.557116
GYD 234.45578
HKD 8.78527
HNL 30.053895
HRK 7.537165
HTG 146.714844
HUF 366.731529
IDR 20269.350965
ILS 3.478944
IMP 0.83772
INR 106.361208
IQD 1697.024692
IRR 2052689.282929
ISK 136.422562
JEP 0.83772
JMD 177.661647
JOD 0.79429
JPY 175.72038
KES 145.354984
KGS 97.962924
KHR 4573.527541
KMF 492.347215
KPW 1008.210806
KRW 1482.658115
KWD 0.348046
KYD 0.932904
KZT 508.267495
LAK 25190.397759
LBP 100245.344367
LKR 371.711601
LRD 190.860284
LSL 18.546684
LTL 3.307761
LVL 0.677619
LYD 7.169259
MAD 10.995664
MDL 20.205913
MGA 5062.477032
MKD 61.598637
MMK 2352.610992
MNT 4031.902629
MOP 9.043866
MRU 44.738378
MUR 52.830672
MVR 17.319246
MWK 1941.099479
MXN 20.912986
MYR 4.576498
MZN 71.587148
NAD 18.546684
NGN 1492.219693
NIO 41.195744
NOK 10.482469
NPR 169.950444
NZD 1.961367
OMR 0.429016
PAB 1.119384
PEN 3.844503
PGK 5.013482
PHP 71.267107
PKR 309.775499
PLN 4.40251
PYG 6474.331183
QAR 4.080578
RON 5.3545
RSD 117.487863
RUB 89.990404
RWF 1653.929144
SAR 4.204519
SBD 9.045421
SCR 15.663382
SDG 673.825035
SEK 11.125947
SGD 1.430432
SHP 0.837151
SLE 25.709792
SLL 23490.757589
SOS 639.733914
SRD 42.176265
STD 23186.587781
STN 24.497469
SVC 9.794988
SYP 14565.285711
SZL 18.546084
THB 37.830725
TJS 10.315634
TMT 3.932022
TND 3.342755
TOP 2.697255
TRY 55.679905
TTD 7.606214
TWD 36.503734
TZS 2963.693842
UAH 50.679165
UGX 4931.490563
USD 1.120234
UYU 44.895362
UZS 13396.616091
VES 985.569686
VND 28949.654292
VUV 132.885547
WST 3.100575
XAF 655.957
XAG 0.020782
XAU 0.000280356799
XCD 3.02749
XCG 2.017492
XDR 0.792064
XOF 655.957
XPF 119.331742
YER 264.491333
ZAR 18.566461
ZMK 10083.456786
ZMW 22.506675
ZWL 360.71498
SSP 6436.081715
MXV 2.360302
  • NGG

    -0.7800

    81.86

    -0.95%

  • VOD

    -0.3800

    15.74

    -2.41%

  • BTI

    -0.9900

    59.48

    -1.66%

  • AZN

    -1.0800

    171.49

    -0.63%

  • GSK

    -0.4600

    50.75

    -0.91%

  • RIO

    -0.7200

    83.42

    -0.86%

  • RYCEF

    -1.7500

    15.26

    -11.47%

  • BP

    1.2700

    51.32

    +2.47%

  • CMSC

    0.0000

    19.6

    0%

  • RBGPF

    2.6200

    72.77

    +3.6%

  • BCC

    -0.5500

    77.74

    -0.71%

  • BCE

    -0.4100

    20.4

    -2.01%

  • RELX

    -0.0800

    40.54

    -0.2%

  • CMSD

    0.1800

    19.78

    +0.91%

  • JRI

    0.0700

    10.75

    +0.65%

Energy crisis fuels calls to cut methane emissions
Energy crisis fuels calls to cut methane emissions / Photo: AHMAD AL-RUBAYE - AFP/File

Energy crisis fuels calls to cut methane emissions

World officials pushed Monday for faster action to reduce methane emissions from the fossil fuel sector, arguing it would both help slow climate change and boost energy security as the Middle East war chokes off supply.

Text size:

Using its role as rotating president of the Group of Seven industrialised powers, France convened government officials, industry leaders and experts to build momentum on cutting methane emissions ahead of the UN's COP31 climate summit in November.

Methane, the second biggest contributor to climate change, stays in the atmosphere for far less time than carbon dioxide, but its warming effect is roughly 80 times more potent over a 20-year period.

"I sincerely hope that the discussions we will have today will enable us to join our forces to accelerate the implementation of effective solutions to reduce methane emissions," French Ecological Transition Minister Monique Barbut said in a speech.

"Of course, action on methane is not a fight of any single actor and nobody can win it alone," Barbut said.

Under the Global Methane Pledge, launched at COP26 in Glasgow in 2021, nearly 160 countries committed to cutting global methane emissions by 30 percent by 2030 compared with 2020 levels.

But Barbut said the world remains "very far" from meeting that goal.

Around 60 percent of methane emissions are linked to human actions.

The fossil fuel sector -- oil, gas and coal -- accounts for 35 percent of methane emissions from human activity, the International Energy Agency said in a report on Monday.

"Yet there is still no sign that methane emissions from fossil fuel operations are falling, despite well-known and proven mitigation pathways," according to the IEA's Global Methane Tracker 2026.

Such emissions from the sector remained "near record highs", the report said.

- Time to 'pull this lever' -

Methane emissions from the energy sector come from leaks from gas pipelines and other infrastructure, or are deliberately released during maintenance procedures.

Officials at the Paris conference said that cutting leaks and flaring from oil and gas operations could increase the availability of energy while slashing planet-heating emissions.

"We could have three times more gas on the market if we eliminated this waste," the European Union's energy commissioner, Dan Jorgensen, said. "This shows that methane abatement and energy security are not competing priorities."

"Methane is the single fastest lever we have to limit near-term warming. We can no longer wait to pull this lever," Jorgensen added.

Oil prices have soared since the United States and Israel launched the war against Iran in late February and Tehran closed the Strait of Hormuz in response.

The IEA said 20 percent, or around 110 billion cubic metres, of the world's liquefied natural gas (LNG) flowed through the Strait of Hormuz last year.

Nearly 100 billion cubic metres of natural gas could be made available annually through a global effort to cut methane from oil and gas operations, the IEA said.

A further 100 billion cubic metres would be unlocked through the elimination of non-emergency flaring worldwide, it added.

"Reducing methane emissions remains one of the best things we can do to slow global warming while cleaning up our air, improving public health, and increasing our energy security," British energy minister Ed Miliband said in a video message.

Agriculture is also a major emitter through livestock -- cows and sheep release methane during digestion and in their manure -- and rice cultivation, where flooded fields create ideal conditions for methane-emitting bacteria.

Discarded household waste also creates large amounts of methane if left to rot in landfills.

"We must, however, be clear the energy sector offers today the fastest and often the most cost effective reductions," Barbut said.

D.Kovar--TPP