An international report published yesterday, Tuesday, showed that the amounts of methane gas emissions resulting from fossil fuel consumption in the world remained close to record levels during the past year, renewing concerns about the failure of governments and companies to make sufficient efforts to reduce greenhouse gas emissions.

Bloomberg News Agency stated that while the periodic report issued by the International Energy Agency showed progress in reducing greenhouse gas emissions in some regions, oil, gas, and coal producers and governments worldwide have not met their commitments to reduce methane gas emissions.

The International Energy Agency called on the fossil fuel industry to reduce methane gas emissions by 75% by 2030, so that the goal of zero emissions by 2050, which is in line with the goals of the Paris Agreement on climate change, can be achieved.

According to the report, the amount of methane emissions globally last year remained close to the record levels recorded in 2019, despite the increase in fossil fuel production worldwide compared to 2019 levels.

The report emphasized how to reduce methane gas emissions from coal, oil, and gas projects by changing the ways companies operate, updating equipment, and using modern technology in the industry.

These changes will require spending about 170 billion dollars by the end of the current decade, equivalent to about 5% of the total income of these companies during the past year.

For his part, Christoph McGlade, head of the Energy Supply Unit at the International Energy Agency and responsible for the methane emissions tracking report, said: "If we do not make real progress in reducing methane emissions, it will be impossible to achieve the goal of limiting global warming to no more than 1.5 degrees.. While emissions remain high, we see that 2024 will be a pivotal moment for work and transparency" regarding efforts to reduce greenhouse gas emissions.