Despite Industry Vows, Methane Emissions Remained Near Record Highs in 2023

Methane emissions from the energy sector remain near record highs, despite the industry claiming it would act to rein in the powerful greenhouse gas, according to an International Energy Agency report released on Wednesday.The report states that nearly 120 million tons of methane were emitted by the energy sector in 2023. That means emissions haven't changed significantly since 2019. The oil industry produced the most emissions with nearly 50 million tons of methane emitted last year.

'We estimate that if all methane policies and pledges made by countries and companies to date are implemented and achieved in full and on time, methane emissions from fossil fuels would decline by around 50% by 2030,' the report says. 'However, in most cases, these pledges are not yet backed up by detailed plans, policies, and regulations.'Though the energy sector is emitting a lot of methane, agriculture is actually the largest emitter of methane.

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