New climate goal

Regulation & Policy    May 17, 2021 10:53 AM

An assessment published by the Climate and Clean Air Coalition (CCAC) and the United Nations Environment Program (UNEP) announced a new climate goal.

The CCAC and UNEP said that methane emissions must be reduced by up to 45% in the next decade, El Espectador reported.

Achieving that goal would prevent a global temperature rise of nearly 0.3 °C by 2045. In addition, the entities highlighted that this will prevent 260,000 premature deaths, 775,000 asthma-related hospital visits, 73 billion labor hours lost by extreme heat and 25 million tons of crop losses per year.

The report said that the sectors that emit the most methane are fossil fuels, waste, and agriculture.

“The oil and gas extraction represents for 23% of methane emissions and coal mining 12%. In the waste sector, landfills, and sewage account for approximately 20% of emissions. In the agricultural sector, livestock emissions account for around 32% and rice cultivation 8% of emissions,” the report explains.

The entities highlighted that much of the work to reduce methane emission should come from the fossil fuel sector.

“About 60% of these specific measures are low-cost and 50% of them have negative costs, which means that companies make money if they adopt them,” the report said.

The report added that these measures must go hand in hand with investing in other types of energy.

“A shift to renewable energy, residential and commercial energy efficiency, and a decrease in food loss and waste can reduce methane emissions by another 15% by 2030.”

Drew Shindell, who chaired the Clean Air and Climate Coalition assessment, said that it is necessary to reduce methane emissions and, at the same time, urgently reduce carbon dioxide emissions to achieve global climate goals.

Bottom-Line: Colombia is making great efforts to reduce its levels of contamination, and it seems like authorities are on the right track to achieve the proposed goals.

However, the road is long, and the energy transition process will have to overcome several challenges.

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