On COP28 sidelines, philanthropies invest $450 million to help tackle methane

Deep-pocketed philanthropies, including Bezos Earth Fund, Bloomberg Philanthropies, and Sequoia Climate Foundation, will invest $450 million over the next three years to help countries launch national actions to tackle methane, the second-most prominent greenhouse gas. Their goal is to accelerate the phase-down of methane emissions and other non-carbon dioxide greenhouse gases. Climate experts prioritize including methane efforts in a legally binding summit agreement. Additionally, rapid cuts in methane emissions from fossil fuels could reduce global temperature rise by 0.1°C by mid-century.

On COP28 sidelines, philanthropies invest $450 million to help tackle methane
Deep-pocketed philanthropies, including Bezos Earth Fund, Bloomberg Philanthropies, and Sequoia Climate Foundation, will invest $450 million over the next three years to help countries launch national actions to tackle methane, the second-most prominent greenhouse gas. Their goal is to accelerate the phase-down of methane emissions and other non-carbon dioxide greenhouse gases. Climate experts prioritize including methane efforts in a legally binding summit agreement. Additionally, rapid cuts in methane emissions from fossil fuels could reduce global temperature rise by 0.1°C by mid-century.