​Methane reduction fastest, most effective way to reduce global warming: Mohieldin

Ahram Online , Thursday 29 Sep 2022

Mahmoud Mohieldin, the UN climate change high level champion for Egypt and UN special envoy on financing 2030 Sustainable Development Agenda, said that reducing methane emissions is the fastest and most effective way to reduce global warming rates and keep the goal of limiting the earth temperature rise at 1.5 degrees Celsius.



During his participation in the 2022 Global Methane, Climate, and Clean Air Forum in Washington DC on Wednesday, Mohieldin said that methane emissions have contributed roughly 30 percent of the current global warming, causing untold harm to the lives and livelihoods of vulnerable communities around the globe.

He stressed that the world should work on achieving the target of methane emission reduction by 30 percent before the end of this decade.

He noted that only two percent of climate finance goes to methane mitigation at $10 billions per year when methane abatement requires around $110 billion in finance per year.

These figures should be raised from private and public sources, Mohieldin said.

"We must also rebalance financing across regions. We know Latin America, the Caribbean, and Sub-Saharan Africa are the second and third largest methane emitting regions, respectively, yet they  attract only six percent of 8 methane abatement finance," he explained.

The climate champion highlighted the COP26 call for reducing non-carbon emissions including methane by 2030, saying that COP27 in Sharm El-Sheikh should be the shifting point from pledges to pragmatic solutions.

Mohieldin said COP27 will call upon non-state actors to demonstrate concrete methane reduction actions and finance across energy, agriculture, and waste, the three sectors that account for almost 95 percent of methane emissions.

The Global Methane, Climate and Clean Air Forum is a joint event sponsored by the Global Methane Initiative (GMI) and the Climate & Clean Air Coalition (CCAC).

"The Forum is a premier global event that brings together policymakers, industry leaders, technical experts, and researchers from around the world to discuss opportunities to protect the climate and improve air quality with a special focus on methane," according to its website.

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