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Discover how the world is failing to meet the 2030 sustainability target and fight methane contamination. Urgent actions are needed for a better future
The great objective of sustainability process on a global level is to eliminate once and for all one of the main reasons for the greenhouse effect and, consequently, global warming. However, the plan to eradicate the serious contamination caused by methane gas emissions would have turned out to be more difficult than expected.
As we move toward this crucial goal, we face a number of multifaceted challenges.
A great objective to mitigate contamination caused by polluting emissions.
These conflicts range from the resistance of certain industries to the complexity of coordinating actions on an international scale. The path to a more sustainable world is full of obstacles, even more so when we talk about the economic sphere. Furthermore, the need to find innovative and viable solutions becomes increasingly urgent.
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It is clear that addressing methane emissions is a fundamental step on the path to a more sustainable future in line with international climate objectives, and despite constant efforts and projects implemented in various industrial and energy sectors, this ambitious goal cannot be achieved in 2030.
An alarming survey: These are the high numbers that put sustainability at risk
A recently published analysis by the International Energy Agency (IEA) highlights the critical importance of fully implementing existing commitments on reducing methane emissions. This report reveals that if this goal is achieved, significant progress could be made in the fight against climate change, although it will not be enough to cover all the emissions cuts needed to limit global warming to 1,5°C this decade.
In 2023, methane emissions from the energy sector remained stable, reaching levels close to historical records. However, a recent study by the International Energy Agency (IEA) reveals that the implementation of significant policies and regulations announced in recent months, as well as new pledges emerging from the COP28 climate summit in Dubai, have the potential to generate rapid reduction in these emissions.
The most recent study by the International Energy Agency (IEA) reveals that during the year 2023, the production and use of fossil fuels will result in the generation of approximately 120 million tons of methane emissions, representing a slight increase compared to the previous year. last year. Furthermore, it was detected that another 10 million tons of methane emissions came from bioenergy, mainly due to the traditional use of biomass for everyday activities such as cooking.
In the year 2023, the top ten emitting countries were responsible for approximately 80 million tons of methane emissions derived from fossil fuels, which represents two thirds of the global total. This data, in particular, highlights the significant contribution of these countries to the global problem of methane emissions and highlights the need to adopt decisive measures to address this issue.
The cost of sustainability: an analysis of the investments needed to reduce contamination by methane emissions.
In addition to being an environmental concern, the major goal of reducing methane emissions also proves to be highly cost-effective. According to recent IEA analysis, around 40% of methane emissions from fossil fuel-related operations in 2023 could have been avoided at no net cost. This is due to the fact that the value of the captured methane exceeded the cost of the necessary reduction measures.
To achieve the major objective of a 75% reduction in methane emissions from fossil fuels by 2030, it is estimated that it would be necessary to invest around 170 billion dollars. However, this expenditure would represent less than 5% of the revenue generated by the fossil fuel industry in the same year.
