A report by the Methane Finance Study Group has found that a relatively small investment could bring fast and significant reductions in the powerful greenhouse gas methane.
According to the report, reductions of as much as 8,200 MT of CO2e could be delivered in developing countries at less than $10 per tonne in incremental cost financing—a gap which can be closed by pay-for-performance mechanisms.
Methane is over 20 times more potent than CO2. Aggressive reduction of methane emissions, together with action on black carbon, can substantially slow the rate of climate change over the next few decades.
The Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants is assisting in catalyzing rapid reductions in these harmful pollutants for climate, health and agricultural benefits and the new report supports these pathways.