Bloomberg Philanthropies Launches $100 Million Methane Program Before COP30

Overview

• The $100 million effort was announced on November 6 with support from Germany, Denmark, Spain and France, in an event featuring UN and European Commission leaders alongside the COP30 presidency.
• The program will expand satellite monitoring to identify methane in near real time and provide data that can guide policies across oil, coal and agriculture.
• Bloomberg Philanthropies projects the initiative could reduce 22 million tonnes of methane per year by 2028.
• The announcement follows a separate $168 million pledge on November 5 for climate solutions, including a federal partnership to develop projects in 50 Brazilian cities by 2027.
• The Brazil-focused funding forms part of a broader $770 million climate commitment and underscores a push for city- and state-led implementation aligned with global methane goals.