Biden to announce more green initiatives to combat energy crisis
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The president of the United States, Joe Biden, will announce this Friday more green initiatives to combat the energy and food crises that the world is experiencing as a result of high inflation and the Russian invasion of Ukraine.
As a senior US government official announced in a call, Biden will propose four new measures to the rest of the countries participating in the meeting of the Forum of the Major Economies on Energy and Climate (MEF, for its acronym in English), which is held this Friday .
The MEF meets periodically and brings together the countries that generate more than 80% of greenhouse gas emissions worldwide.
The first of Biden’s proposed measures will be to adopt a “global path” to the Global Methane Commitment that captures wasted gas leaking from the oil and gas sector and reclaims it for markets.
The second will be to put more electric vehicles into circulation and decarbonize maritime freight transport to reduce greenhouse gas emissions in the logistics sector and also end dependence on volatile oil market prices.
Biden will also propose accelerating the commercialization of new clean energy technologies and, finally, increasing the efficiency of fertilizers, as well as their alternatives to achieve a reduction in emissions in the agricultural sector and move towards global food security.
The countries adhering to the Global Methane Pledge commit to achieving the collective goal of reducing global methane emissions by at least 30% from 2020 levels by 2030.
If successfully implemented, this initiative would reduce global warming by at least 0.2 degrees Celsius by 2050, according to the statement.
Methane is a potent greenhouse gas and, according to the latest report from the Intergovernmental Panel on Climate Change, is responsible for about half of the one degree Celsius net increase in global average temperature since pre-industrial times, which makes action against methane an essential complement to the decarbonisation of the energy sector.