IEA says tackling methane emissions crucial for addressing climate change and energy security

International Energy Agency Report Highlights Methane Emissions Reduction as Key to Global Energy Security

A recent report by the International Energy Agency (IEA) has found that reducing methane emissions from the fossil fuel sector could help alleviate the effects of the ongoing Iran crisis on global energy supplies. The IEA’s Global Methane Tracker 2026 notes that the oil, gas, and coal industries account for approximately 35% of all methane emissions from human activity.

According to the report, there has been little progress in reducing these emissions, with no sign of a decline despite well-known mitigation pathways being available. Methane is the second-largest contributor to climate change, with a warming effect roughly 80 times more potent than carbon dioxide over a 20-year period.

The IEA estimates that methane emissions from oil, gas, and coal total 124 million tonnes per year, with oil accounting for the largest share at 45 million tonnes. The report also notes that an additional 20 million tonnes come from bioenergy production and consumption.

The ongoing Iran crisis has led to increased tensions in global energy markets, disrupting around 20% of liquefied natural gas (LNG) trade flows. However, a global effort to cut methane emissions could unlock nearly 100 billion cubic metres of natural gas annually, according to the IEA.

In response to this report, France has convened a conference with government officials, industry leaders, and experts to build momentum on cutting methane emissions ahead of the United Nations’ November COP31 summit. The goal is to reduce methane emissions by 30% by 2030 compared to 2020 levels.

Source: Al Jazeera