Explainer-COP29: How methane emissions threaten climate goals

By Gloria Dickie

BAKU (Reuters) – Fast-rising methane emissions could undermine efforts to limit global warming by mid-century, prompting scientists and policymakers to urge aggressive action to curb output of the potent greenhouse gas. 

Nearly 160 countries have pledged a 30% cut from 2020 methane emissions levels by the end of this decade. 

Over the last five years atmospheric methane levels have risen at their fastest rate since record-keeping began in the 1970s, driven in part by natural sources, according to the 2024 Global Methane Budget report.  

Here is why controlling methane emissions is so important. 

HEAT-TRAPPING POWER

Methane molecules are more powerful than carbon dioxide (CO2) in trapping heat, meaning it takes fewer of them to cause the same amount of warming and reducing them can have a more immediate effect than reducing CO2. 

Tackling methane also makes financial sense. United Nations analyses have found cutting methane emissions is likely cheaper than CO2 cuts for a comparable climate benefit.

While CO2 remains in the atmosphere for centuries, methane breaks down after about a decade – meaning it has less of a long-term impact on temperatures.

Scientists normally compare the overall warming effects of methane versus CO2 over a century, calculating that methane emissions are about 28 times worse than CO2 for global warming. 

Over a shorter timespan of 20 years, however, methane is 80 times worse.

Methane has led to around 0.5 degrees Celsius of warming so far, or about one-third of the roughly 1.3 C of warming experienced to date since pre-industrial times. 

SURGING EMISSIONS 

Methane concentrations are rising faster than any other major greenhouse gas, with human activities driving at least two-thirds of global emissions, according to the 2024 Global Methane Budget. 

That includes the agriculture sector, including rice farming and livestock, fossil fuel activities, and landfills and other waste. 

The report, published every five years, found methane emissions from these human activities have risen overall by 20% over the last two decades.

Most of the methane mitigation efforts under way, including EU legislation, are focused on the oil and gas sector, where the emissions are easier to tackle than in agriculture, according to the food-focused investor initiative called FAIRR.

NATURAL SOURCES A CONCERN

The remaining third of the world’s methane emissions comes from natural sources such as thawing permafrost, peat bogs and wetlands – and emissions could rapidly increase as temperatures rise. 

Animals, including humans, are also a source of methane. 

While it is easy to measure atmospheric methane, understanding where it comes from is crucial for tackling the problem. 

By analyzing distinct isotope signatures in methane detected, scientists can investigate whether the the gas comes from biological sources or industry. 

This post is originally published on INVESTING.

  • Related Posts

    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    The US Treasury Department is currently investigating JPMorgan Chase & Co. (NYSE:JPM) for its business dealings with Ocean Leonid Investments Ltd., a hedge fund linked to Iranian oil trader Hossein…

    COP29 climate summit draft proposes rich countries pay $250 billion per year

    By Valerie Volcovici, Gloria Dickie BAKU (Reuters) -The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    • November 22, 2024
    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    XAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    XAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

    • November 22, 2024
    Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

    COP29 climate summit draft proposes rich countries pay $250 billion per year

    • November 22, 2024
    COP29 climate summit draft proposes rich countries pay $250 billion per year

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    USDJPY: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    USDJPY: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24