A climate pact is set to be unveiled at COP26, which is aimed at reducing methane emissions by 2030. The goal of the Global Methane Pledge is to reduce methane output by at least 30% from 2020 levels.
Methane is a more potent greenhouse gas than CO2 and, according to the Intergovernmental Panel on Climate Change, plays a major role in the recent anthropogenic impact on the net rise of the global average temperature. The U.S. and the E.U., along with several other countries, have agreed to be part of this pact.
It is anticipated that the U.S. will target the oil and gas industry to achieve the ambitious goals that are to be set as part of the pact. As early as next week, the U.S. Environmental Protection Agency is expected to propose requirements relating to methane leaks at oil and gas wells.