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