It’s Time to Sprint: Targeting Methane Emissions

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It’s Time to Sprint: Targeting Methane Emissions

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Methane’s short term potency poses a serious climate challenge and methane emissions are on the rise. In this high-level event the World Bank Group, other MDBs and private investors showcased current efforts and plans to expand their focus on methane emissions over the next few years.

Speakers are listed below

00:00 Welcome! COP27 | Targeting Methane Emissions
00:29 Opening remarks
04:12 Visions from EIB on financing challenges
08:44 U.S. initiatives: Fast mitigation sprint
15:43 Visions from China and agriculture perspective
24:31 Visions from EBRD on financing mechanisms
31:47 Concluding thoughts
35:43 Animated video on targeting methane emissions

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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“There are cost-effective measures to reduce methane. They are available and they need to be prioritized.”

— David R. Malpass, President, World Bank Group

“It's a giant share of the problem but a relatively limited amount of climate finance is going to this problem. And that's why it's important to change the dynamic.”

— John Podesta, Senior Advisor to the President for Clean Energy Innovation and Implementation, United States

“We must have innovative, new technologies because the conventional ones no longer apply.”

— Xie Zhenhua, Special Envoy for Climate Change, China

Read the Live Blog

Welcome. Stay tuned for our event, “It’s Time to Sprint: Targeting Methane Emissions,” about the Fast Mitigation Sprint initiative to rapidly reduce this potent greenhouse gas.
Donna Barne
 
 
World Bank Group President David Malpass will be joined by John Podesta, Senior Advisor to the President for Clean Energy Innovation and Implementation, United States;. Xie Zhenhua, Special Envoy for Climate Change, China; Ms. Odile Renaud-Basso, President, EBRD; and Mr. Werner Hoyer, President, European Investment Bank.
Donna Barne
 
 
I’m Donna Barne, World Bank Group external affairs officer, and I will be your online host for this event.
While we wait, learn more about methane and the World Bank Group’s priorities at COP27: http://wrld.bg/QOta50Lx392
Donna Barne
 
 
Stay tuned for our event, It’s Time to Sprint: Targeting Methane Emissions. We will start shortly.
Donna Barne
 
 
We've begun. World Bank Group President David Malpass is joined onstage by John Podesta, Senior Advisor to the President for Clean Energy Innovation and Implementation, United States;. Xie Zhenhua, Special Envoy for Climate Change, China; ; and Mr. Werner Hoyer, President, European Investment Bank.
Donna Barne
 
 
President Malpass speaks about the World Bank Group’s work on methane reductions.
Learn more from our fact sheet: http://wrld.bg/A1KW50Lx3ww
Donna Barne
 
 
Last year, 121 countries, including many World Bank clients and representing 50% of global human-caused methane emissions pledged to reduce global methane emissions by at least 30% by 2030. The World Bank is partnering with EBRD and EIB and other partners to cut methane emissions.
Donna Barne
 
 
Werner Hoyer speaks about the European Union's efforts on methane, including focus on projects that avoid food loss and waste.
Donna Barne
 
 
Ms. Odile Renaud-Basso, President, European Bank for Reconstruction and Development (EBRD) has joined the panel.
Donna Barne
 
 
John Podesta: Only 2% of investment in mitigation is going to methane reduction.
Donna Barne
 
 
Xie Zhenhua: Last year China signed the Glasgow methane pledge and has a draft national strategy to strictly control methane emissions in energy, agriculture, waste treatment.
Donna Barne
 
 
Xie Zhenhua: There are two major issues to reduce methane: 1) need for newer technologies; 2) finance
Donna Barne
 
 
Odile Renaud-Basso: Methane is emitted by big number of small organizations. Policies and regulations need to scale work in this area.
Donna Barne
 
 
John Podesta: Efforts should also target garbage, which is important in this context.
Donna Barne
 
 
Werner Hoyer: We must monitor and measure. We need to rely more on precise data.
Donna Barne
 
 
A film describes the major sources of methane and how they can be addressed.
Donna Barne
 
 
There is still much more to be done and every fraction of a degree will count.
Donna Barne
 
 
Thank you for joining our event!
Donna Barne

World Bank Group at COP 27

Join us for a series of live events on climate change.
FEATURED EVENTS

Nov. 8: Climate Finance (SCALE)
Nov. 9: Country Diagnostic (CCDR)
Nov. 11: Just Transition Away from Coal
Nov. 14: Women and Climate Action
Nov. 15: Hydrogen for Development
Nov. 16: The Blue Economy
Nov. 16: Nature-smart economies
Nov. 17: Thriving Green Cities
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