The U.N.’s environment watchdog said on Friday it will launch a public database of global methane leaks detected by space satellites - part of a new program to encourage companies and governments to curb emissions of the powerful greenhouse gas.
The system, dubbed MARS or Methane Alert and Response System, will build on a pledge signed by 119 countries since last year to cut methane"The Methane Alert and Response System is a big step in helping governments and companies deliver on this important, short-term climate goal," Inger Andersen, executive eirector of the U.N. Environment Program, said in a statement issued at the COP27 climate summit in Egypt.
The MARS system will rely on an existing network of space satellites to spot methane plumes around the globe, estimate how big they are, and identify the company or government responsible, UNEP said. The system will first focus on global oil and gas operations, among the biggest sources of methane, before gradually expanding to cover other industries like coal, waste, livestock, and rice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COP27: Regulators plan closer scrutiny of carbon marketsGlobal securities regulators proposed closer scrutiny of carbon trading on Wednesday to deepen liquidity and prevent greenwashing in markets used by companies to offset their emissions to drive the transition to a net-zero economy.
Read more »
Show us the money: Developing world at COP27 seeks finance detailsFinance took centre stage at the COP27 climate talks on Wednesday, with U.N. experts publishing a list of projects worth $120 billion that investors could back to help poorer countries cut emissions and adapt to the impacts of global warming.
Read more »
COP27 - U.S. climate envoy Kerry announces new carbon market initiativeU.S. climate envoy John Kerry announced plans for companies to buy carbon credits to support countries switching out of coal power on Wednesday.
Read more »
Explainer: COP27: How climate change impacts countries around the worldWhile delegates at the COP27 climate conference discuss the shared problem of climate change, each country will face its own challenges and threats.
Read more »
At COP27, Countries Hit Hardest by Climate Change May Finally Get Their DueAfter 30 years of talk about forcing wealthy polluters to compensate those bearing the brunt of climate damage, the COP27 conference seems poised to act.
Read more »
At COP27, nuclear power industry vies for bigger role in decarbonizing planetNuclear energy supporters including politicians and activists sought to polish the industry's spotty image on Wednesday, using the COP27 climate summit in Egypt to argue that atomic power offers a safe and cost-efficient way to decarbonize the world.
Read more »