The United States and European Union plan to unveil a joint agreement at the U.N. climate summit this week to step up efforts to reduce emissions of the potent greenhouse gas methane from the fossil fuel sector, and are hoping other nations will sign up.
A draft of the pledge, seen by Reuters, said the United States and EU will agree to target the energy sector with both domestic and international measures, such as policies to stop routine venting and flaring of natural gas, and require companies to fix leaks in their infrastructure.
That 'Global Methane Pledge' has since been signed by 119 countries, among them 13 of the world's top 20 methane emitters including Brazil, Indonesia, Mexico and Nigeria. "We commit to working towards the creation of an international market for fossil energy that minimises flaring, methane, and CO2 emissions across the value chain to the fullest extent practicable, as we also work to phase down fossil fuel consumption," the draft said.
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