Global Methane Pledge: South Korea To Help Countries Cut Emission

South Korea is set to sign up to new methane regulations with President Moon Jae-in making the announcement during the Global Methane Pledge on Tuesday, local time.

“We will put together specific plans to make a cut in sectors including energy, agricultural, livestock, fishery, and waste management as well as retrieve methane from landfills and processing facilities to reuse it as energy.”

He added that South Korea will help other developing countries cut methane emissions by sharing policies, experience and technology.

This comes after nearly 90 countries are set to join the U.S. and the European Union to cut the world’s methane emissions by 30 percent by the end of 2030.

In a similar move, U.S. President Joe Biden on Tuesday also unveiled plans to cut methane emissions.

The new rules proposed by the Environmental Protection Agency are aimed at slashing methane emissions for new and existing oil and gas infrastructure.

The U.S. Methane Emissions Reduction Plan will coincide with the UN climate conference in Glasgow, Scotland.

Methane is the second major cause of climate change, right after carbon dioxide.

Data from the UN Environment Program suggests that methane emissions have been responsible for about 30 percent of global warming since pre-industrial times.

And, the new regulations could have a critical impact on the energy sector as experts say, it’s the fastest and the most economical way to slash methane emissions.