insights COP29 Sees Global Methane Standards Tighten
What’s next for South Korea’s public energy companies?
2024-11-16
Methane
Why
Methane has a global warming potential 28 times (100 years) and 80 times (20 years) greater than CO₂. South Korea’s “2030 Methane Reduction Roadmap” lacks strong policies for the agriculture, waste sectors, and energy sector, the largest emitters. Overall, it is important to monitor whether the government's methane reduction roadmap is effective, or requires major amendments.
Goal
We aim to prompt the South Korean government to achieve its Global Methane Pledge commitment of reducing 30% of methane emissions by 2030 compared to 2020 levels, and pursue further ambitious action on methane to limit global warming under 1.5 degrees Celcius, particularly on the energy, waste and agriculture sectors.
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