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The document argues that current efforts, including the Global Methane Pledge, are insufficient to meet the 40–45% reduction in methane emissions required by 2030. It proposes a global agreement based on three pillars: an updated monitoring, reporting, and verification (MRV) framework; national methane action plans for the energy, agriculture, and waste sectors; and technical and financial assistance for developing countries.

Key insights

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  • Methane is significantly more potent than carbon dioxide, being approximately 80 times more powerful over a 20-year period and currently contributing to 25% of observed warming.
  • To maintain the 1.5°C target, global methane emissions must be reduced by 40–45% by 2030, but the Global Methane Pledge—which aims for at least a 30% reduction from 2020 levels—falls 10-15% short of this requirement.

Cite the original document

APA
Changing Markets Foundation (2022). Methane Matters: Towards a global methane agreement. https://changingmarkets.org/wp-content/uploads/2023/10/Methane-Matters_COP27.pdf
Chicago
Changing Markets Foundation. Methane Matters: Towards a global methane agreement. 2022. https://changingmarkets.org/wp-content/uploads/2023/10/Methane-Matters_COP27.pdf.
Wikipedia
{{cite report |author=Changing Markets Foundation |title=Methane Matters: Towards a global methane agreement |date=November 2022 |url=https://changingmarkets.org/wp-content/uploads/2023/10/Methane-Matters_COP27.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{changingmarketsfoundation2022methane, author = {{Changing Markets Foundation}}, title = {{Methane Matters: Towards a global methane agreement}}, institution = {Changing Markets Foundation}, year = {2022}, month = nov, url = {https://changingmarkets.org/wp-content/uploads/2023/10/Methane-Matters_COP27.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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