Drastically Reducing Methane Emissions in Global Fossil Fuel Sector

Led by the United Kingdom, the Statement on Drastically Reducing Methane Emissions in Global Fossil Fuel Sector was signed by Canada, France, Germany, Japan, Kazakhstan, Norway, and the United Kingdom, with support from the European Commission, IEA, and OLADE at COP30 in Brazil. The Statement presents a shared commitment to achieve near zero methane emissions across the fossil fuel sector. 

 

The Statement outlines 6 actions to accelerate methane reductions in the fossil fuel sector:

1. Implementation of robust measurement, monitoring, reporting and verification (MMRV)
2. Effective use of market signals, including rewarding producers who act quickly and transparently 
3. Ending routine flaring and venting by 2030 
4. Supporting industry action, innovation, and investment 
5. Strengthening partnerships between producing and importing countries and supporting low- and middle-income producer countries with policy and capacity building
6. Establishing a panel of governments to develop a near-zero methane intensity marketplace and report progress in 2026. 

 The Statement is open for signature by additional countries.

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