Overview
- The International Energy Agency (IEA) reports 2024 methane emissions from fossil fuels at over 120 million tonnes, near record highs from 2019.
- Countries are underestimating methane emissions by approximately 80%, with satellite monitoring revealing widespread underreporting and record-high super-emitter events.
- Abandoned oil wells and coal mines emitted eight million tonnes of methane in 2024, making them the fourth-largest source globally if considered a single emitter.
- Existing technologies could cut about 70% of methane emissions from the energy sector at low or no net cost, but policy rollbacks and insufficient funding stall progress.
- The IEA highlights methane mitigation as a critical, cost-effective strategy to slow near-term warming, yet global implementation remains inadequate.