Facts for Prelims (FFP)
Source: IEA
Context: The International Energy Agency (IEA) released its annual Global Methane Tracker 2024 report
| Key Findings of the Report | In 2023, methane emissions from the energy sector remained close to a record high. |
| Fossil fuel production and usage, alongside bioenergy, contributed to nearly 120 million tonnes (Mt) of emissions, with approximately 70% originating from the top 10 emitting countries. | |
| Among these, the United States leads in methane emissions from oil and gas operations, followed by Russia, while China ranks highest in the coal sector. | |
| Recommendations of the Report | Achieving a 75% reduction in methane emissions by 2030 necessitates an estimated investment of around US $170 billion |
| Improved tools for emission tracking, like satellite imagery, have enhanced transparency, yet systematic and transparent data utilization is essential to reduce emission | |
| About Methane | Odorless, colourless, and flammable gas; second-largest contributor to global warming after Carbon Dioxide and primary contributor to the formation of ground-level ozone. |
| Global Initiatives to Control Methane | International Methane Emissions Observatory, Global Methane Pledge (India is not part of it), Global Methane Initiative,
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| Indian Initiatives | GobarDhan scheme, National Biogas and Organic Manure Programme. |
| About IEA | IEA (HQ: Paris; Founded in 1974) is an autonomous intergovernmental organisation to ensure the security of oil supplies. Membership: 31 countries. World Energy Outlook is Published every year and provides critical analysis and insights on trends in energy demand and supply. |
