IEA Reports Near-Record Methane Emissions from Energy Sector

17 May 2024 CW Team

The International Energy Agency (IEA) has issued a concerning report indicating that methane emissions from the energy sector were near a record high in 2023. This revelation underscores the urgent need for intensified efforts to curb methane emissions, a potent greenhouse gas contributing to climate change.

According to the IEA report, methane emissions from the energy sector reached alarming levels in 2023, driven primarily by increased oil and gas production. The rise in methane emissions poses significant environmental and climate risks, exacerbating global warming and air pollution.

The findings highlight the critical importance of addressing methane emissions as part of global efforts to combat climate change and transition towards cleaner, more sustainable energy systems. Methane, although short-lived in the atmosphere compared to carbon dioxide, is far more potent in trapping heat, making it a major contributor to global warming.

The IEA report underscores the need for enhanced monitoring, regulation, and mitigation measures to reduce methane emissions across the energy sector. Strategies such as improved leak detection and repair, enhanced data collection and reporting, and adoption of cleaner production technologies are essential to curb methane emissions effectively.

Addressing methane emissions aligns with broader objectives of achieving carbon neutrality and advancing the goals of the Paris Agreement. Efforts to reduce methane emissions not only mitigate climate change but also yield co-benefits such as improved air quality and public health.

As countries strive to accelerate their transition towards cleaner energy sources, tackling methane emissions emerges as a crucial component of global climate action. The IEA's report serves as a timely reminder of the urgent need for concerted efforts to address this pressing environmental challenge.

Infrastructure Transport

07 Jul 2026

Maersk Unveils First India-Made Shipping Container

A.P. Moller – Maersk has unveiled its first export-import shipping container manufactured in India, marking a major milestone for the country’s maritime manufacturing sector. The container was launched at the Maersk and Container Corporation of India joint-venture Inland Container Depot at Dadri, Uttar Pradesh, in the presence of Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal.The development makes Maersk the first international shipping line to procure an EXIM container manufactured in India. Following the unveiling, Maersk placed an order with DCM Shriram Group for 1,..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representin..