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Ajay Banga's Remarks at High Level Segment Summit on Methane at COP28 in Dubai, UAE

· Ajay Banga, President of the World Bank Group (International)

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· Ajay Banga Wiki · World Bank Group WikiAjay Banga's Remarks at High Level Segment Summit on Methane at COP28 in Dubai, UAE

ContextRemarks at the high-level summit on methane at COP28 in Dubai; the World Bank fights poverty and is expanding its climate work.

Why it mattersBanga presents methane cuts as a fast, cheap and underfunded climate lever.

Problems raised
  1. Methane is a far more powerful warming gas than carbon dioxide.
  2. It receives less than 2% of global climate finance.
  3. Cost, politics and immature technology slow climate action.
Solutions proposed
  1. Target methane as a fast and cost-effective climate lever.
  2. Scale simple solutions such as better animal nutrition and breed management.
  3. Direct more climate finance to methane reduction programmes.
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