Story at a glance
- A group of donors have pledged more than $220 million to curb global methane emissions.
- The funding will go toward supporting an effort led by the U.S. and the European Union to cut emissions and reduce warming by at least 0.2 degrees Celsius by 2020.
- Two dozen nations, including France, Germany and Canada, joined the push this week, according to the State Department.
A group of donors have pledged more than $220 million to curb global methane emissions.
The $223 million contribution from 20 donors is the largest private financial commitment toward the effort. Former New York City Mayor Michael Bloomberg, who now serves as the climate envoy for United Nations Secretary-General António Guterres, is among the donors.
“Methane is a leading cause of climate change, and stopping methane leaks and reducing emissions faster is imperative,” Bloomberg, the Founder of Bloomberg LP and Bloomberg Philanthropies, said.
“Our foundation is deeply committed to helping countries around the world reduce their fossil fuel emissions, and the more we all work together, the bigger impact we can have,” Bloomberg added. “We’re glad to join this group effort to clean the air, protect public health, and fight the climate crisis.”
The funding will go toward supporting the effort led by the U.S. and the European Union to cut emissions, reduce warming by at least 0.2 degrees Celsius by 2020 and slash methane emissions by 30 percent from 2020 levels by the end of the decade.
Two dozen nations, including France, Germany and Canada, joined the push this week, according to the U.S. State Department. With the addition, nine of the top 20 methane emitters are a part of the pledge.
“Reducing methane is the single fastest action we can take to keep a 1.5°C future within reach,” U.S. Special Presidential Envoy for Climate John Kerry said.
“In 2016, philanthropy committed fast start funding that helped us secure and implement the landmark Kigali Amendment on HFCs. Now they are stepping with over four times as much support for governments to deliver on the Global Methane Pledge to cut methane at least 30% globally by 2030.”
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