"US and Saudi Arabia Take Bold Steps to Drastically Reduce Methane Emissions"

The United States has unveiled new regulations at the Cop28 summit aimed at reducing methane emissions from its oil and gas industry by 80% by 2038, cutting a total of 58 million tonnes. Methane, a potent greenhouse gas, is responsible for about a third of global warming. The US rule requires oil and gas companies to plug leaks, eliminate routine flaring, and improve monitoring. In addition, countries, businesses, and donors have raised $1 billion in funding to reduce methane emissions globally, and several countries, including Turkmenistan, have joined the global methane pledge to cut emissions by 30% by 2030. However, progress in reducing methane emissions has been mixed, with some countries showing no reduction or even an increase in emissions.