Reducing methane emissions, an almost impossible mission

Reducing methane emissions from fossil fuels by 75% by 2030 would require spending around $170 billion, less than 5% of the revenue generated by the fossil fuel industry in 2023

A new analysis from the IEA shows that fully implementing existing methane commitments would achieve most, but not all, of the emissions cuts needed this decade to align with 1.5°C. Methane emissions from the power sector remained near a record high in 2023, but substantial policies and regulations announced in recent months, as well as new pledges stemming from the COP28 climate summit in Dubai, have the potential to cause them to decline soon, according to a new analysis from the International Energy Agency (IEA).

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