International Energy Agency (IEA) released annual Global Methane Tracker 2024 | Current Affairs | Vision IAS
News Today Logo

International Energy Agency (IEA) released annual Global Methane Tracker 2024

Posted 14 Mar 2024

Updated 27 Mar 2024

2 min read

  • Key findings 
    • Methane Emissions (ME) from energy sector remained near a record high in 2023.
      • Production and use of fossil fuels (oil, natural gas and coal) accounted for nearly 120 million tonnes (Mt) and bioenergy accounted for 10 Mt of ME.
    • Around 70% i.e. 80 Mt of ME from fossil fuels comes from top 10 emitting countries.
      • United States is largest emitter of methane from oil and gas operations, followed by Russia. China is highest emitter in coal sector. 
    • Around US $170 Billon is required by 2030to achieve a 75% cut in ME.
    • Methane (CH4is an Odorless, Colorless, and Flammable gas. It is a greenhouse gas. 
    • It is a second most contributor to global warming after carbon dioxide and primary contributor to formation of ground-level ozone.

 

  • Initiatives to control Methane emission
    • Global
      • International Methane Emissions Observatory by UNEP to provide reliable data to reduce ME.
      • Global Methane Pledge launched at COP26 (2021) to cut ME by 30% by 2030.
      • Global Methane Initiative focused on use of methane as a valuable energy source.
    • India
      • GobarDhan (Galvanizing Organic Bio-Agro Resources) scheme. 
      • National Biogas and Organic Manure Programme.

 

International Energy Agency (IEA)

  • Created in 1974 to help co-ordinate a collective response to major disruptions in oil supply.
  • Consists of 31 member countries, 13 Association countries, and 5 accession countries.
  • India is one of the associate members.
  • To be a member, country should be an OECD member along with a capacity to hold a crude reserve for 90 days of previous year's import.

 

  • Tags :
  • International Energy Agency (IEA)
  • Methane Emission
  • Global Methane Tracker 2024
  • Methane
Watch News Today