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Glossary:Global methane pledge
Participants joining the Pledge agree to take voluntary actions to contribute to a collective effort to reduce global methane emissions at least 30 percent from 2020 levels by 2030, which could eliminate over 0.2˚C warming by 2050. This is a global, not a national reduction target. Participants also commit to moving towards using the highest tier IPCC good practice inventory methodologies, as well as working to continuously improve the accuracy, transparency, consistency, comparability, and completeness of national greenhouse gas inventory reporting under the UNFCCC and Paris Agreement, and to provide greater transparency in key sectors.
The Pledge aims to catalyze global action and strengthen support for existing international methane emission reduction initiatives to advance technical and policy work that will serve to underpin Participants’ domestic actions. The Pledge also recognizes the essential roles that private sector, development banks, financial institutions and philanthropy play to support implementation of the Pledge and welcomes their efforts and engagement.[1]