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Methane Emissions of energy sector near record high in 2023, IEA says -
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Methane Emissions of energy sector near record high in 2023, IEA says

Fossil fuel production and consumption released 120 million metric tons of methane into the air last year, more than by 2022.

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Methane Emissions of energy sector near record high in 2023

LONDON, March 13: The International Energy Agency released a report on Wednesday that the oil and gas industry has not reduced methane emissions despite its promises, and methane emissions this year are higher than the 2023 rate.

While the agency said, it hopes the installation of the new satellite will further improve the estimation of emissions of methane, a potential greenhouse gas and a major driver of global climate change.

The agency’s chief economist, Tim Gould, said methane emissions are unsustainably high, but he also expressed hope that 2024 could be a turning point.

According to the report, fossil fuel production and consumption released 120 million metric tons of methane into the air last year, more than by 2022.

According to the IEA Global Methane Tracker, this rate of methane emissions was in 2019. Methane emissions have increased by 50% in 2023 compared to 2022.

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