Analysing the EU Methane Regulation: what is changing, for whom and by when? [GGP]
Methane is the second-largest contributor to climate change after carbon dioxide (CO2) responsible for at least 25% of the rise in global temperature since the industrial revolution. Achieving long-term climate goals requires reducing both gases. However, due to methane's higher global warming potency, swiftly reducing it could help limit near-term warming. The urgency of methane reduction gained more policy attention after the publication of the 6th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) and the launch of the Global Methane Pledge aiming to collectively reduce manmade methane emissions by 30% by 2030 compared to the 2020 levels. Although over 150 countries representing over half of global methane emissions have signed the Pledge, by 2022 only a handful had implemented methane-specific measures. Among these, most prioritize reducing methane emissions from the energy sector.
Read full publication by Oxford Institute for Energy Studies.
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