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Source: The post is based on the article “At COP27, Biden tightens methane emissions rule” published in TOI on 11th November 2022.
What is the News?
The US President has announced new initiatives at COP27 to strengthen the U.S. Leadership in tackling Climate Change.
What are the new initiatives announced by the US President at COP27?
1. Doubling the US pledge to the adaptation fund to $100 million for global climate resilience.
2. Expanding access to its early warning system for African countries and
3. Strengthening proposed domestic methane regulations in the oil and gas sector that would reduce the country’s methane from covered sources by 87% below 2005 levels.
This will help in meeting the Global Methane Pledge(GMP) target which has been endorsed by over 130 countries representing half of the global methane emissions.
India and the Global Methane Pledge(GMP)
India is among the top 10 emitters of methane but chose not to sign the Global Methane Pledge. This was because there was a possibility of expanding this pledge to cover mitigation in farm and livestock sectors.
This would affect India’s agriculture and livestock sector which plays an important role in its rural economy, and it is necessary to protect them from being affected.
