Nearly 90 countries have joined the agreement to commit to reducing global methane emissions. According to the United Nations, significant cuts in methane emissions this decade could avoid a global warming of nearly 0.3 degrees Celsius by the 2040s. Otherwise, methane will thwart the Paris Agreement's goal of limiting global temperature rise to 1.5 degrees Celsius above pre-industrial levels.
Speaking at the event, Prime Minister Pham Minh Chinh thanked US President Joe Biden and President of the European Commission Ursula von der Leyen for inviting him to this important event.
Appreciating the Global Methane Pledge initiative, PM Pham pointed out that methane results from unscientific and unsustainable production, use, and waste treatment, leading to global warming. Given this, all people should stay united and unanimous and join hands to reduce methane emissions.
This is a global issue which requires a global approach, emphasize Pham, adding that as it affects every people, an all-people approach is needed.
The PM called on developed countries, especially the U.S. and the European Union, to share and support developing and poor nations with climate finance, human resource training, and government to help them in their transition to green, circular and low-carbon economy.
The Global Methane Pledge includes 08 main commitments, specifically as follows:
Commit to work together in order to collectively reduce global anthropogenic methane emissions across all sectors by at least 30 percent below 2020 levels by 2030.
Commit to take comprehensive domestic actions to achieve that target, focusing on standards to achieve all feasible reductions in the energy and waste sectors and seeking abatement of agricultural emissions through technology innovation as well as incentives and partnerships with farmers.
Commit to moving towards using the highest tier IPCC good practice inventory methodologies, consistent with IPCC guidance, with particular focus on high emission sources, in order to quantify methane emissions; as well as working individually and cooperatively to continuously improve the accuracy, transparency, consistency, comparability, and completeness of national greenhouse gas inventory reporting to the UNFCCC, and to provide greater transparency in key sectors.
Commit to maintaining up-to-date, transparent, and publicly available information on our policies and commitments.
Commit to support existing international methane emission reduction initiatives, such as those of the Climate and Clean Air Coalition, the Global Methane Initiative, and the relevant work of the United Nations Environment Programme, including the International Methane Emissions Observatory, to advance technical and policy work that will serve to underpin signatories’ domestic actions.
Welcome and encourage announcements of further parallel specific domestic actions by signatories and commitments taken by the private sector, development banks, financial institutions and philanthropy to support global methane abatement.
Resolve to review progress towards the target of the Global Methane Pledge on an annual basis until 2030 by means of a dedicated ministerial meeting.
Call on other states to join the Global Methane Pledge.