Fossil fuel industry fails to commit to its lower methane emissions goals

New Delhi, Feb 21 (KNN) As per a report by the International Energy Agency (IEA) released on Tuesday the fossil fuel industry is failing to tackle methane emissions in spite of its pledges to uncover and fix leaking infrastructure.

Some 135 million tonnes of methane, a potent greenhouse gas has been released into the atmosphere in 2022 by the global energy industry.

As compared to the record high amount released in 2019, last year's emissions were only slightly below it. 

This happened despite a backdrop of high energy prices and surging demand for natural gas that provided extra incentives to capture methane, the report said.

Methane is the main component of natural gas, so captured emissions can be sold as fuel.

IEA Executive Director Fatih Birol said in a statement that there is just no excuse.

“Although some progress has been made, emissions are still far too high and not falling fast enough - especially as methane cuts are among the cheapest options to limit near-term global warming," Birol said.  (KNN Bureau)