Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed the country's commitment to reducing methane emissions, over a year after Malaysia signed the Global Methane Pledge at the UN Climate Change Conference, COP26. Delivering the keynote speech at the Energy Asia 2023 conference recently, Anwar said Malaysia recognised the importance of managing methane emissions, and had committed to joining the global pledge to cut methane emissions by 30 percent by 2030, compared to 2020 levels.
On 20 November, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), that took place in Sharm el-Sheikh, Egypt concluded with a historic decision to establish and operationalise a loss and damage fund, particularly for developing countries that are most vulnerable to the climate crisis. We asked experts to highlight some of the big wins and losses at COP 27, as well as what they signify for Malaysia and the rest of the world.
Methane emissions account for roughly 25 percent of current global warming and contribute to climate-related threats including more intense and frequent heat waves and flooding, food insecurity, and poor air quality. According to Malaysia’s third biennial update report to the United Nations, methane emissions contributed 17 percent of greenhouse gas emissions in 2016, with its major source being fugitive emissions from the oil and gas industry.