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UK Highlights Climate Progress and Commitment to Methane Reduction at International Energy Conference

UK's Decarbonization Efforts and Net Zero Commitments

Chargé d’Affaires Mr John Hamilton discussed Environmental Issues of the Development of Hydrocarbon Fields at the International Conference in Ashgabat. Photo by UK.GOV. UK leads G7 in emissions reduction In a noteworthy speech at the "International scientific conference on energy perspectives, new technologies and environmental aspects in the development of hydrocarbon resources" held in Turkmenistan, John Hamilton, the UK Chargé d'Affaires, emphasized the United Kingdom's dedication to combating climate change and reducing emissions. Acknowledging the esteemed audience of experts, Hamilton discussed the UK's significant progress in decarbonizing its economy and the country's pioneering commitment to achieving net zero greenhouse gas emissions by 2050.

UK's Impressive Emissions Reduction Record

Cutting emissions while growing the economy Under the Climate Change Act of 2008 and the Environment Act of 2021, the UK has established a strong legal framework to reach its ambitious emissions reduction goals. The UK has outperformed other G7 countries by cutting emissions by 48% between 1990 and 2021, even as its economy grew by 65%. This remarkable achievement has been made possible through proactive measures such as upgrading the gas network, implementing flare gas recovery systems, and improving flare and venting management practices.

UK's Commitment to Supporting Developing Nations

Doubling International Climate Finance Recognizing the importance of assisting developing countries in their transition to sustainable energy sources, the UK has pledged to double its International Climate Finance to £11.6 billion between 2021 and 2025. This financial support will be directed towards promoting energy efficiency and renewable energy deployment in developing nations. Over the past decade, UK International Climate Finance has already benefited millions of people affected by climate change, providing improved access to clean energy and reducing greenhouse gas emissions.

UK's Leadership in Global Climate Initiatives

COP26 and the Glasgow Climate Pact The UK has demonstrated its leadership and credibility in the global fight against climate change during its presidency at the recent COP26 conference in Glasgow. The conference saw all 197 participating countries reach a consensus on the need for urgent climate action, resulting in the Glasgow Climate Pact. A notable outcome of the conference was the launch of the Global Methane Pledge, which now boasts 150 participants committed to reducing global methane emissions by at least 30% from 2020 levels by 2030.

UK-Turkmenistan Cooperation and Future Opportunities

Supporting Turkmenistan's Climate Efforts Hamilton commended Turkmenistan's participation at COP26 and expressed enthusiasm for the country's plans to address methane pollution. He welcomed the recent announcement of a methane study roadmap and offered the UK's support in its implementation. Additionally, the UK Embassy is collaborating with the United Nations Development Programme (UNDP) and the Turkmenistan government to update Turkmenistan's Greenhouse Gas Inventory, enabling better understanding and targeted mitigation efforts. Promoting Sustainable Business Ventures The UK Embassy in Turkmenistan is actively promoting sustainable business opportunities and anticipates the arrival of UK companies later this year, bringing their expertise and experience to the country. One such company, Aggreko, a global leader in modular solutions for monetizing methane emissions, stands ready to support Turkmenistan by offering portable equipment for rent to facilitate the utilization of associated petroleum gas (APG). The UK Export Finance is also ready to provide favorable financing of up to £1.75 billion ($2.1 billion) to support investments in Turkmenistan, as it has done for clean energy projects worldwide.

UK's Focus on Renewable Energy and Global Collaboration

Investing in Clean Power The UK recognizes the significant returns on investments in renewable energy, which have outperformed fossil fuels by 367% since 2010. Notably, solar photovoltaic (PV) alone creates twice as many jobs as fossil fuels. To accelerate the global transition to clean power, the UK has established the Energy Transition Council (ETC), bringing together over 20 governments and more than 15 international institutions. The ETC provides technical assistance and financial support through its Rapid Response Facility to help developing countries adopt clean power solutions.

Human Impact of Methane Reduction

Saving Lives and Protecting Agriculture While acknowledging the cost-effectiveness of tackling methane emissions, Hamilton concluded his speech by emphasizing the human impact of such efforts. Quoting the Global Methane Assessment, he highlighted that achieving the 2030 methane reduction goal can prevent over 200,000 premature deaths, numerous asthma-related emergency room visits, and millions of tons of crop losses caused by ground-level ozone pollution. In his closing remarks, Hamilton urged the audience to collectively work towards the necessary changes, ensuring a sustainable and prosperous future for all. Sources: THX News & British Embassy Ashgabat. Read the full article

#DecarbonizationEfforts #EnergyTransitionCouncil #GlobalClimateInitiatives #GreenhouseGasEmissions #InternationalClimateFinance #MethaneReduction #NetZeroEmissions #RenewableEnergyInvestments #SustainableBusinessOpportunities #UKClimateAction

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