The Fort Worth Press - 'Immediate' cuts to methane from fossil fuel needed: IEA

USD -
AED 3.673027
AFN 68.018868
ALL 92.613644
AMD 387.449175
ANG 1.795763
AOA 913.499323
ARS 1001.7217
AUD 1.53095
AWG 1.794475
AZN 1.730108
BAM 1.845077
BBD 2.011887
BDT 119.074348
BGN 1.843381
BHD 0.376913
BIF 2942.924528
BMD 1
BND 1.334811
BOB 6.910312
BRL 5.773196
BSD 0.99642
BTN 84.146376
BWP 13.556668
BYN 3.260849
BYR 19600
BZD 2.008491
CAD 1.39575
CDF 2869.99999
CHF 0.88289
CLF 0.035201
CLP 971.289477
CNY 7.241499
CNH 7.24032
COP 4392.39
CRC 506.509434
CUC 1
CUP 26.5
CVE 104.022604
CZK 23.862495
DJF 177.433962
DKK 7.038701
DOP 60.009434
DZD 133.244633
EGP 49.540984
ERN 15
ETB 122.638421
EUR 0.943541
FJD 2.26455
FKP 0.789317
GBP 0.78795
GEL 2.745007
GGP 0.789317
GHS 15.872492
GIP 0.789317
GMD 70.496256
GNF 8587.735849
GTQ 7.69238
GYD 208.365959
HKD 7.781965
HNL 25.176653
HRK 7.133259
HTG 130.896226
HUF 385.290442
IDR 15852
ILS 3.74324
IMP 0.789317
INR 84.411503
IQD 1305.270705
IRR 42104.999819
ISK 137.280067
JEP 0.789317
JMD 158.039227
JOD 0.709296
JPY 154.844022
KES 129.039687
KGS 86.499569
KHR 4047.169811
KMF 464.775029
KPW 899.999621
KRW 1391.810296
KWD 0.30745
KYD 0.83037
KZT 494.438732
LAK 21847.169811
LBP 89228.962264
LKR 289.90566
LRD 181.349912
LSL 18.013017
LTL 2.95274
LVL 0.60489
LYD 4.860377
MAD 9.955472
MDL 18.109434
MGA 4657.569139
MKD 58.061076
MMK 3247.960992
MNT 3397.999946
MOP 7.988227
MRU 39.656604
MUR 46.279692
MVR 15.449686
MWK 1727.838339
MXN 20.108102
MYR 4.467498
MZN 63.960334
NAD 18.015396
NGN 1674.809971
NIO 36.669811
NOK 10.972703
NPR 134.635849
NZD 1.690975
OMR 0.385006
PAB 0.996406
PEN 3.781379
PGK 4.009434
PHP 58.895026
PKR 276.90508
PLN 4.089713
PYG 7760.377358
QAR 3.633928
RON 4.695704
RSD 110.392074
RUB 100.564083
RWF 1370.578968
SAR 3.754175
SBD 8.36952
SCR 13.625855
SDG 601.505659
SEK 10.917403
SGD 1.337899
SHP 0.789317
SLE 22.598097
SLL 20969.504736
SOS 569.439334
SRD 35.538495
STD 20697.981008
SVC 8.718786
SYP 2512.529858
SZL 18.010462
THB 34.512502
TJS 10.591787
TMT 3.51
TND 3.139593
TOP 2.342101
TRY 34.472901
TTD 6.765974
TWD 32.440203
TZS 2647.964004
UAH 41.137364
UGX 3668.833313
UYU 42.773181
UZS 12779.124725
VES 45.784499
VND 25405
VUV 118.722009
WST 2.791591
XAF 618.830278
XAG 0.032031
XAU 0.000379
XCD 2.70255
XDR 0.757928
XOF 618.830278
XPF 112.508373
YER 249.90124
ZAR 18.037497
ZMK 9001.186694
ZMW 27.526415
ZWL 321.999592
  • JRI

    0.0300

    13.26

    +0.23%

  • RBGPF

    59.6500

    59.65

    +100%

  • SCS

    -0.1100

    13.09

    -0.84%

  • BCE

    0.0800

    27.31

    +0.29%

  • RELX

    0.2500

    45.29

    +0.55%

  • CMSD

    -0.0460

    24.344

    -0.19%

  • BCC

    -3.3600

    138.18

    -2.43%

  • AZN

    0.4100

    63.8

    +0.64%

  • VOD

    0.0000

    8.92

    0%

  • RIO

    0.3100

    62.43

    +0.5%

  • NGG

    0.6800

    63.58

    +1.07%

  • CMSC

    -0.0590

    24.565

    -0.24%

  • RYCEF

    -0.0700

    6.62

    -1.06%

  • GSK

    -0.2300

    33.46

    -0.69%

  • BP

    -0.3300

    29.09

    -1.13%

  • BTI

    0.2500

    36.93

    +0.68%

'Immediate' cuts to methane from fossil fuel needed: IEA
'Immediate' cuts to methane from fossil fuel needed: IEA / Photo: © GETTY IMAGES NORTH AMERICA/AFP/File

'Immediate' cuts to methane from fossil fuel needed: IEA

Methane emissions from fossil fuels must be slashed immediately to limit climate warming, and major reductions are possible with existing technologies at low cost, the International Energy Agency said Wednesday.

Text size:

Methane is far less abundant in the atmosphere than carbon dioxide, but is responsible for around 30 percent of the global rise in temperatures to date.

It lingers in the atmosphere for only around a decade, but absorbs energy much more quickly than carbon dioxide, and cutting emissions of the greenhouse gas is seen as a quick way to limit global warming in the short term, and rapidly improve air quality.

The energy sector accounts for nearly 40 percent of the methane produced by human activity, but it has made little progress on curbing emissions.

"Immediate reductions in methane emissions are needed to limit warming to 1.5 Celcius," the IEA said.

"Without targeted action on methane, even with deep reductions in fossil fuel use, the increase in the global average surface temperature will likely exceed 1.6C by 2050," it added in a new report.

The agency said 75 percent of methane emissions from oil and gas operations, and half of that produced by coal, could be abated with existing technology.

And the cost of using all existing mitigation strategies in the oil and gas sector through 2030 amounts to "less than two percent of the net income earned by this industry in 2022," the IEA added.

Methane emissions are expected to fall if the world proceeds towards its stated net-zero goals, but even achieving those -- which remains highly uncertain -- would not be enough to achieve the necessary methane emission reductions, the report warns.

"Additional, targeted actions to tackle methane emissions from fossil fuel production and use are essential to limit the risk of crossing irreversible climate tipping points," it said.

The benefits of doing so would extend beyond reigning in climate change, including preventing nearly a million premature deaths due to ozone exposure and the loss of 90 million tonnes of crops by 2050, the IEA added.

The trend is not positive, however.

The IEA's most recent global methane tracker estimated the energy sector produced 135 million tonnes of methane emissions in 2022, a slight rise from the year before.

Most of that comes from coal, oil and natural gas operations, with smaller amounts from leaks in end-use equipment and incomplete combustion of biofuels.

G.Dominguez--TFWP