Joint Declaration of Energy Impors and Expors on Reducing Greenhouse Gas Emissions from Fossil Fuels
The United States of America, the European Union, Japan, Canada, Norway, Singapore and the United Kingdom are all committed to taking swift action to address the two climate and energy security crises the world faces. We stress the need to accelerate global transitions towards clean energy and acknowledge that relentless dependence on fossil fuels leaves us vulnerable to market volatility and geopolitical challenges. We also recognize that under the IPCC scenarios aligned with the 1.5°C warming limit, fossil fuel consumption will continue to be at rapidly decreasing levels as the global energy transition evolves. As such, we argue that significantly reducing emissions of methane, carbon dioxide and other greenhouse gases across the fossil fuel energy value chain is a necessary complement to global energy decarbonization of 1.5°C warming limit.We are committed to taking immediate action to reduce greenhouse gas emissions associated with fossil energy production and consumption, and in particular to reduce methane emissions. We argue that reducing methane and other greenhouse gas emissions from the fossil energy sector enhances energy security by reducing routine, avoidable burning, venting and leakage that wastes natural gas. We also note that these measures will improve health outcomes by eliminating black carbon and other associated air pollutants.