Remarks by World Bank Group President, Ajay Banga at High Level Segment Summit on Methane at COP28 in Dubai, UAE
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Washington, DC: World Bank
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These remarks were delivered by World
Bank Group President, Ajay Banga at High Level Segment
Summit on Methane at COP28 in Dubai, UAE on December 2,
2023. He started by mentioning about how Methane is 80 times
more powerful than carbon dioxide in warming the planet,
making it a major driver of climate change. He said that the
frontier of methane reduction is one such area where the
World Bank believes there are answers at their fingertips,
and that is why the World Bank is taking action, scaling
proven – and urgently needed – strategies that can
decisively bend the methane emission curve. He mentioned
that over the following eighteen months, as part of a
blueprint for methane reduction, World Bank will help launch
fifteen national programs that aim to slash methane
emissions. He also added that the World Bank has been
working with Germany, Norway, the United States, and the UAE
alongside the private sector to expand our long-standing
efforts to significantly cut methane emissions across the
whole energy value chain. He highlighted on Methane is one
rare, clear area where we know there are low-cost remedies,
effective and simple solutions that can be replicated and
scaled. He concluded by saying, we must act, and in doing so
we can reduce emissions, enhance agricultural yields, and
improve health outcomes all in one go.
Palabras clave
CLIMATE CHANGE, METHANE EMISSIONS