Most nations are just getting started. In the United States, the Environmental Protection Agency has proposed new, but unfinished, regulations to reduce methane emissions from oil and gas operations, and Congress provided $4.7 billion to cover old and leaking wells. This summer, the United States and the European Union as well announced a new partnership Put nearly $60 million with countries like Canada, Japan, Nigeria, Mexico in efforts to monitor methane leaks and satellite emissions.
However, dozens of other countries that have signed the pledge have yet to provide details of their plans to tackle methane, they said. final analysis Courtesy of the World Resources Institute.
Rising geopolitical tensions have also slowed progress – one of Glasgow’s key developments it was a new deal United States and China to work together to reduce methane emissions. But China abruptly halted all climate cooperation between the two countries shortly after House Speaker Nancy Pelosi he visited Taiwan in August.
5. Stop deforestation
More than 130 countries He was also engaged in Glasgow To “halt and reverse” deforestation by 2030 and commit billions of dollars to the effort. These include Brazil, Indonesia and the Democratic Republic of the Congo, home to most of the world’s tropical forests.
So far, the world is not on track for that goal. The amount of global deforestation fell by 6.3% between 2020 and 2021, a final report By the Forest Declaration Platform. That’s the good news. The bad news is that deforestation would need to decrease much faster, by roughly 10 percent annually, for countries to meet the 2030 target.
Several countries, including Indonesia, Malaysia, Ivory Coast and Ghana, made significant progress in protecting their forests, the report said. After suffering massive forest and peatland fires in 2016, Indonesia has imposed tougher regulations on the palm oil industry, while corporations have come under pressure to reduce deforestation.
It’s a different story in Congo, where this year the government auctioned off large swathes of its jungle for oil drilling. The move comes after international donors pledged $500 million to help the country curb deforestation. As the price of crude oil rose, the Congo changed its priorities, emphasizing that oil development was necessary to deliver economic growth.
Brazil remains a wild card. Deforestation in the Amazon accelerated after Mr Bolsonaro took office in 2019 and cut funding for environmental protection, promoting logging and mining. The country’s newly elected president, Luiz Inácio Lula da Silva, oversaw a reduction in deforestation last time, from 2003 to 2010, and has promised to do so again, analysts say. it won’t be easy.