Page 3 - Methane Pledge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

DUBAI (December 4, 2023) - At today’s COP28 Global Methane Pledge (GMP) Ministerial, Ministers welcomed national actions and catalytic grant funding announced at COP28 to deliver on the goal to cut methane at least 30 percent by 2030. GMP partners announced over $1 billion in new grant funding for methane action mobilized since COP27, more than triple current levels, which will mobilize billions in investment to reduce methane. 

'Virtually all of Canadian facilities handling natural gas will be covered' under the proposed measures, Environment Minister Steven Guilbeault said.

COP 28 is seen as a pivotal moment in global climate negotiations, as it features the culmination of the first Global Stocktake.

These regulations will be the cornerstone of Canada’s COP28 climate plan, which hopes to reduce emissions by 40 per cent to 45 per cent below 2005 levels by 2030

Ahead of the climate conference, Alberta will also announce a new grant program to encourage carbon capture projects