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IEA |
Major Emitters Include China, Russia, US, and Iran
Energy-related methane emissions stayed flat in 2024, according to the International Energy Agency (IEA). Global emissions from the fossil fuel sector remained at 120mn tonnes, with China, Russia, the US, and Iran accounting for over 50%. The IEA attributes the lack of progress to limited national plans and weak enforcement of pledges to cut methane.
Methane Intensity Declines but Voluntary Action Lacks Verification
Although total methane emissions have not dropped, methane intensity declined slightly due to rising hydrocarbon output. However, only 5% of oil and gas emissions are subject to near-zero verified standards. The IEA notes that 30% of emissions could be cut at no net cost, but recent declines in gas prices have reduced the cost-effectiveness of abatement.
Bioenergy Leaks and Policy Gaps Undermine Progress
Methane emissions from bioenergy sources are twice as high as earlier estimates, primarily due to incomplete combustion. India alone accounts for 20% of these emissions. Additionally, the IEA highlights that only 30 countries’ climate plans specifically address methane, with just nine setting quantifiable targets. In the US, state-level laws remain despite federal rollbacks, but low gas prices weaken incentives for emissions control.
The Metalnomist Commentary
The IEA’s report reveals a critical gap between climate pledges and implementation. Without enforceable methane abatement policies and clearer investment incentives, both the fossil and bioenergy sectors risk derailing global decarbonization timelines.
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