conclusions after the UN Climate Conference

In addition to the compensation mechanism, the conference also developed an initiative launched last year to limit man-made methane emissions by 30% by 2030 compared to 2020 levels. Methane enters the atmosphere in various ways, but mostly as a byproduct of the natural gas production process as a result of human activity. Overall, limiting these emissions could achieve a relatively greater effect at a lower cost compared to reducing carbon dioxide emissions.

Currently, 150 countries have signed the pledge, including two of the largest methane producers – the USA and Brazil. Meanwhile, China, India and Russia have still refrained from doing so, although China has come up with other initiatives in this area.

However, this is also only a formal commitment and lacks a real implementation and monitoring mechanism, so activists are calling for it to be turned into an international agreement, similar to the Montreal Protocol on reducing ozone-depleting gases signed 35 years ago.

Several smaller scale results

As usual, the countries also came together at the conference to create new initiatives on a smaller scale, and agreements were reached that will gradually continue the joint work towards the achievement of the big goal. For example, more clarity was achieved on the carbon emission quota and trading system contained in the Paris climate agreement, although its effective implementation will also need to be worked on in future conferences.

A group of wealthy nations including Germany, Britain, the United States and Canada pledged to give Indonesia, one of the world’s biggest coal-burners, its largest-ever $20 billion in funding to reduce its reliance on the climate-damaging energy source.

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