Content ID

335068

Australia signs up to global pledge to cut methane emissions by 30%

SYDNEY, Oct 23 (Reuters) - Australia's climate change minister Chris Bowen on Sunday said the government has joined the Global Methane Pledge as part of multilateral efforts to reduce global methane emissions.

"By joining the Pledge, Australia will join the rest of the world's major agricultural commodity exporters including the United States, Brazil, and Indonesia in identifying opportunities to reduce emissions in this hard-to-abate sector," Bowen said in a statement.

The government will continue to partner with industry to decarbonise the economy, especially in energy and waste sectors, and capture waste methane to generate power, he said.

Government investment to assist the pledge will include up to A$3 billion ($1.91 billion) from a $15 billion National Reconstruction Fund to support low emissions technology and component manufacturing, and agricultural methane reduction, Bowen said.

The senior minister said the pledge would not require Australia to focus only on agriculture, or reduce agricultural production or livestock.

"As result of signing the Pledge, the Australian Government will not legislate or introduce taxes or levies to reduce livestock emissions," Bowen said.

The U.S.- and EU-led effort pledges to slash methane emissions by 30% by 2030. The effort now covers 60% of global gross domestic product and 30% of global methane emissions.

More than 100 countries have joined the push to cut emissions of the potent greenhouse gas, an initiative aimed at tackling one of the main causes of climate change.

"Canada, with a very similar economy to us, Brazil, Argentina, New Zealand and the European Union are all signatories and it's appropriate that Australia joins," Bowen told reporters in Sydney. ($1 = 1.5681 Australian dollars) (Reporting by Sam McKeith; Editing by Christopher Cushing)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Talk in Marketing

Most Recent Poll

Will you have enough on-farm storage for harvest?

I just want to see the responses
46% (21 votes)
Yes
35% (16 votes)
No, it’s going to be a bin-buster
9% (4 votes)
Maybe, depending on yields
7% (3 votes)
No, I am looking at new bins or temporary storage
4% (2 votes)
Total votes: 46
Thank you for voting.