Global Methane Pledge Joined by 115+ Nations, Energy Pathway Will Ramp Up Reduction of Methane Leaks

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President Biden Delivers Remarks at the Major Economies Forum on Energy and Climate (included participation by Indonesia and Vietnam)

President Biden Hosts the Major Economies Forum on Energy and Climate (MEF) where he Reaffirms U.S. Leadership to Galvanize Actions that Strengthen Energy Security, Enhance Global Food Security, and Tackle the Climate Crisis

Excerpt:
First, we should build upon the success of the Global Methane Pledge — now more than 115 countries strong. To do that, we’re announcing the Global Methane Pledge Emer- — excuse me — Energy Pathway to ramp up the speed at which we reduce methane leaks from the oil and gas sector, and also helping bridge our energy needs.

Each year, our existing energy system leaks enough methane to meet the needs for the entire European power sector. We flare enough gas to offset nearly all of the EU’s gas imports from Russia. And so, by stopping the leaking and flaring of this super-potent greenhouse gas, and capturing this resource for countries that need it, we’re addressing two problems at once.

From U.S.-ASEAN Special Summit Fact Sheet
U.S.-ASEAN Climate Solutions Hub: The United States is launching a U.S.-ASEAN Climate Solutions Hub, which will provide technical assistance to ASEAN countries in order to accelerate implementation of their Nationally Determined Contributions (NDCs) and related low-emission development and resilience strategies. This demand-driven initiative will support renewable energy deployment, decarbonization of the transportation sector, methane reduction efforts, and sustainable agriculture, forestry, and land management. It will also support the development of energy and land-use frameworks and measures that mobilize public and private finance and achieve just transitions.

From FACT SHEET: President Biden to Galvanize Global Action to Strengthen Energy-Security and Tackle the Climate Crisis through the Major Economies Forum on Energy and Climate

Partial information from fact sheet:
President Biden today will reconvene leaders of the Major Economies Forum on Energy and Climate (MEF) to galvanize actions that will strengthen energy security, enhance the resilience of global food security, and tackle the climate crisis. These actions are all the more urgent following Russia’s further invasion of Ukraine, which has disrupted energy markets, strained economies with rising prices, and threatened vulnerable countries with severe food shortages.

At today’s meeting, President Biden’s third MEF convening since taking office, world leaders will raise ambition and, following U. S. leadership, join new efforts and initiatives aimed at tackling the climate crisis while advancing energy security and food security, including:

Global Methane Pledge Energy Pathway: Tackling methane leaks, venting, and flaring from the oil and gas sector by capturing wasted gas and bringing it to market — bolstering our energy security and climate goals;
Collective 2030 Zero-Emission Vehicle Goal and Green Shipping Challenge: Putting more zero-emission vehicles on the road and decarbonizing ocean-based shipping — reducing emissions in the transport sector while breaking our dependence on volatile oil markets and prices;
Clean Energy Technologies Demonstration Challenge: Speeding the commercialization of new technologies — enabling us to break dependence on other unabated, volatile fossil fuels and advance the clean energy transition; and
Efforts to Enhance Food Security: Increasing fertilizer efficiency and alternatives — reducing agriculture emissions while bolstering global food security.

The MEF meeting will continue President Biden’s consistent engagement with leaders since Glasgow to further accelerate climate action, including at the recent meeting of the Quad, the U.S.-ASEAN Special Summit, the launch of the Indo-Pacific Economic Framework for Prosperity, and this month’s Summit of the Americas.