Methane emissions in China account for a significant portion of global warming, and the country's updated NDC now includes all greenhouse gases, showing a stronger policy focus on addressing methane alongside carbon dioxide. While there are feasible solutions to reduce methane emissions in various sectors, the lack of structured financial support is hindering the scaling of abatement projects. To close the methane finance gap, the report recommends incorporating methane into future NDCs, enhancing monitoring systems, and mobilizing finance to turn abatement projects into bankable initiatives. China's experience in addressing methane challenges can offer valuable lessons for other emerging economies and countries in the Global South, emphasizing the importance of investing in energy, agriculture, and waste projects to reduce methane emissions.
https://www.climatebonds.net/news-events/blog/bridging-methane-gap-financing-abatement-china