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The United States is pledging $50 million over the next five years to the Global Methane Initiative and is seeking similar pledges from other developed countries, to support implementing methane emissions reduction projects and technologies.
The initiative will build on the existing structure and success of the Methane to Markets Partnership, an international partnership launched in 2004, while enhancing and expanding its efforts and encouraging new financial commitments from developed country partners. All the representatives at the meeting affirmed that the work of the initiative will continue to ensure international cooperation in a manner that is supportive of the United Nations Framework Convention on Climate Change.
The Methane to Markets Partnership is one of the most effective international efforts to reduce greenhouse gas emissions, growing from 14 to 38 country partners, representing approximately 70 percent of global methane emissions today. More than 1,000 public and private sector organizations are members of the project network and have helped the program to leverage nearly $480 million in investment from private companies and financial institutions.
SOURCE: EPA press release