The world is spending only 10% of what is needed to limit methane emissions. Read more at straitstimes.com.
BOSTON, Massachusetts – Scores of nations have pledged to slash their methane emissions, recognising that the gas is a powerful climate pollutant and stifling it is one of the best and fastest ways to slow global warming. But when it comes to financing that work, the world isn’t stepping up.
The issue looms large as countries prepare for another round of UN climate negotiations in Dubai this November.limiting methane releases from the agriculture, energy and waste sectors Methane-related contributions from major climate finance donors to developing nations amounted to less than US$24 billion over five years, the Clean Air Task Force and consultancy WSP found. While multilateral development institutions such as the World Bank have led the way, organizational barriers limit the potential, the task force concluded.
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