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Methane Global Tracker Report
March 4 , 2023
504 days
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- International Energy Agency (IEA) released its annual Methane Global Tracker report.
- As per the report, the fossil fuel companies emitted 120 million metric tonnes of methane into the atmosphere in 2022.
- This is only slightly below the record highs seen in 2019.
- The best performing countries are more than 100 times better than the worst.
- Norway and the Netherlands have the lowest emissions intensities.
- Countries in the Middle East such as Saudi Arabia and the United Arab Emirates also have relatively low emissions intensities.
- Turkmenistan and Venezuela have the highest emissions.
- 75 per cent of methane emissions from the energy sector can be reduced with the help of cheap and readily available technology.
- The energy sector accounts for around 40 per cent of the total average methane emissions from human activity.
- Oil and natural gas companies are known to release methane into the atmosphere when natural gas is flared or vented.
- Methane is a greenhouse gas, which is responsible for 30 per cent of the warming since preindustrial times, second only to carbon dioxide.
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