The use of fossil fuels continues to be a major source of global greenhouse gas emissions, and among these gases, methane (CH4) stands out for its significant contribution to global warming. Methane has 80 times more warming potential than carbon dioxide (CO2), making it an important issue in our region.
The energy sector, particularly oil and gas, is a major source of methane emissions. This situation not only has a significant impact on global climate change but also creates serious problems for regions that are already extremely vulnerable to climate impacts. The need to address this problem has become urgent. Methane emissions not only accelerate global warming but also affect air quality and public health.
The creation of the Methane Emissions Observatory for Latin America and the Caribbean (OEMLAC) by OLADE during the Ministerial Meeting in Panama in December 2022 is an important step towards solving this problem. The main objective of the observatory is to provide a comprehensive platform for the collection, analysis, and dissemination of data on methane emissions, thereby facilitating a more effective and coordinated response.
The importance of OEMLAC lies in its ability to provide the countries of the region with the tools and expertise they need to reduce methane emissions. In an environment where the transition to cleaner and more sustainable energy sources is crucial, effective monitoring and management of methane are essential elements to achieving decarbonization goals.
Climate action in Latin America and the Caribbean requires new collaborative approaches. Reducing methane emissions is an essential strategy for mitigating climate change, protecting our communities and ecosystems, and moving towards a more resilient and sustainable future.
OEMLAC was proposed not only as a response to the current crisis but also as a symbol of the political will and cooperation needed to tackle one of the most pressing challenges of our time. The region must seize this opportunity, lead by example, and demonstrate that with concerted efforts and innovation, we can address climate challenges and build a greener future for all.
Andrés Rebolledo Smitmans
Executive Secretary of OLADE
