Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Trading
    3. >Exclusive: U.S., EU pursuing global deal to slash planet-warming methane – documents
    Trading

    Exclusive: U.s., EU Pursuing Global Deal to Slash Planet-Warming Methane – Documents

    Published by maria gbaf

    Posted on September 14, 2021

    3 min read

    Last updated: February 11, 2026

    Add as preferred source on Google
    Image depicting U.S. and EU officials collaborating on a plan to cut methane emissions by 30% by 2030, as highlighted in the article about climate change initiatives.
    U.S. and EU leaders discuss global methane emissions reduction - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Climate Changesustainabilityagriculture

    Exclusive: U.S., EU pursuing global deal to slash planet-warming methane R...

    By Kate Abnett and Valerie Volcovici

    BRUSSELS/WASHINGTON (Reuters) – The United States and the European Union have agreed to aim to cut emissions of the planet-warming gas methane by around a third by the end of this decade and are pushing other major economies to join them, according to documents seen by Reuters.

    Their pact comes as Washington and Brussels seek to galvanize other major economies ahead of a world summit to address climate change in Glasgow, Scotland, in November, and could have a significant impact on the energy, agriculture and waste industries responsible for the bulk of methane emissions.

    The greenhouse gas methane, the biggest cause of climate change after carbon dioxide (CO2), is facing more scrutiny as governments seek solutions to limit global warming to 1.5 degrees, a goal of the Paris climate agreement.

    In an attempt to jumpstart the action, the United States and the EU later this week will make a joint pledge to reduce human-caused methane emissions by at least 30% by 2030, compared with 2020 levels, according to a draft of the Global Methane Pledge seen by Reuters.

    “The short atmospheric lifetime of methane means that taking action now can rapidly reduce the rate of global warming,” the draft said.

    A separate document listed over two dozen countries that the United States and the EU will target to join the pledge. They include major emitters such as China, Russia, India, Brazil and Saudi Arabia, as well as others including Norway, Qatar, Britain, New Zealand and South Africa.

    The U.S. State Department declined to comment and the European Commission did not immediately respond to a request for comment on the documents.

    The agreement would likely be unveiled on Friday at a meeting of major emitting economies intended to rally support ahead of the COP26 Glasgow summit.

    World leaders are under pressure from scientists, environmental advocates and growing popular sentiment to commit to more ambitious action to curb climate change in Glasgow.

    Methane has a higher heat-trapping potential than CO2 but it breaks down in the atmosphere faster, so “strong, rapid and sustained reductions” in methane emissions in addition to slashing CO2 emissions can have a climate impact quickly, a fact emphasized by a report by the Intergovernmental Panel on Climate Change last month.

    Experts say the fossil fuel sector has the biggest potential to cut methane emissions this decade by mending leaky pipelines or gas storage facilities, and many of those fixes can be done at a low cost.

    Yet satellite images and infrared footage have in recent years revealed methane emissions spewing out of oil and gas sites in countries including the EU https://www.reuters.com/business/environment/exclusive-gas-infrastructure-across-europe-leaking-planet-warming-methane-video-2021-06-24, Mexico https://www.reuters.com/world/americas/mexican-methane-leak-rate-alarming-climate-change-report-says-2021-07-28 and the United States. https://www.reuters.com/business/energy/most-flares-texas-permian-oil-drilling-lack-permits-study-2021-08-19

    The United States and EU are both due to propose laws this year to restrict methane emissions.

    The U.S.-EU pledge would cover key sources of methane emissions, including leaky oil and gas infrastructure, old coal mines, agriculture and waste such as landfills, the draft said.

    Countries that join the pledge would commit to take domestic action to collectively achieve the target methane cut, “focusing on standards to achieve all feasible reductions in the energy and waste sectors” and reducing agricultural emissions through “technology innovation as well as incentives and partnerships with farmers,” it said.

    (Reporting by Valerie Volcovici; Editing by Christopher Cushing, Leslie Adler and Sonya Hepinstall)

    Frequently Asked Questions about Exclusive: U.S., EU pursuing global deal to slash planet-warming methane – documents

    1What is the goal of the U.S. and EU's methane emission pledge?

    The U.S. and EU aim to cut methane emissions by at least 30% by 2030, compared to 2020 levels.

    2Why is methane being targeted for reduction?

    Methane is a significant greenhouse gas, second only to carbon dioxide, and has a higher heat-trapping potential, making its reduction crucial for combating climate change.

    3Which countries are being targeted to join the methane pledge?

    The U.S. and EU are targeting major emitters including China, Russia, India, Brazil, and Saudi Arabia to join the methane reduction pledge.

    4What sectors are expected to contribute to methane emission reductions?

    The fossil fuel sector has the largest potential for cutting methane emissions by fixing leaky pipelines and gas storage facilities.

    5When is the joint pledge expected to be unveiled?

    The agreement is likely to be unveiled at a meeting of major emitting economies on Friday, ahead of the COP26 summit in Glasgow.

    More from Trading

    Explore more articles in the Trading category

    Image for Confident Day Trading for Beginners: The WR Trading Approach Explained
    Confident Day Trading for Beginners: The Wr Trading Approach Explained
    Image for What Is Goat Funded Trader and How Does It Work?
    What Is Goat Funded Trader and How Does It Work?
    Image for SV-Alan.com Highlights Growing Demand for Trading Platforms Amid Market Volatility
    SV-Alan.com Highlights Growing Demand for Trading Platforms Amid Market Volatility
    Image for Brokerage brand Octa changing ownership: Main highlights
    Brokerage Brand Octa Changing Ownership: Main Highlights
    Image for Nominations Open for Best Multi-Asset Trading Platform South Africa 2026
    Nominations Open for Best Multi-Asset Trading Platform South Africa 2026
    Image for Ziraat Yatırım Menkul Değerler Anonim Şirketi Secures Dual Honors at the 2026 Global Banking & Finance Review Awards®
    Ziraat Yatırım Menkul Değerler Anonim Şirketi Secures Dual Honors at the 2026 Global Banking & Finance Review Awards®
    Image for VPS Securities J.S.C Wins IPO of the Year Vietnam 2026 at the Global Banking & Finance Review Awards®
    Vps Securities J.S.C Wins IPO of the Year Vietnam 2026 at the Global Banking & Finance Review Awards®
    Image for Understand What Is Whipsaw in Trading and How You Can Avoid It?
    Understand What Is Whipsaw in Trading and How You Can Avoid It?
    Image for Committee of SADC Stock Exchanges Wins Best ESG Initiative - Framework for Sustainability & Equality Reporting Africa 2026 by Global Banking & Finance Review®
    Committee of Sadc Stock Exchanges Wins Best ESG Initiative - Framework for Sustainability & Equality Reporting Africa 2026 by Global Banking & Finance Review®
    Image for BIDV Securities Company (BSC) and Mr. Lê Huy Honoured at the 2026 Global Banking & Finance Review Awards®
    Bidv Securities Company (bsc) and Mr. Lê Huy Honoured at the 2026 Global Banking & Finance Review Awards®
    Image for Bao Minh Securities Wins Best Investment Research Vietnam 2026 Award by Global Banking & Finance Review®
    Bao Minh Securities Wins Best Investment Research Vietnam 2026 Award by Global Banking & Finance Review®
    Image for Allianz Trade Wins Best Trade Credit Insurance Company Asia Pacific 2026 at the Global Banking & Finance Review Awards®
    Allianz Trade Wins Best Trade Credit Insurance Company Asia Pacific 2026 at the Global Banking & Finance Review Awards®
    View All Trading Posts
    Previous Trading PostCairn to Return $700 Million to Shareholders When India Tax Row Resolved
    Next Trading PostGlobal Stock Markets Edge Higher on U.s., European Markets