John Kerry: Over $1B raised at COP28 to combat methane emissions

Participants at the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) raised more than $1 billion in grant funding to reduce methane emissions, the US Presidential Special Representative for Climate Affairs John Kerry said, Report informs.

Kerry said that at COP28, the United States, the European Union, other governments, charity organizations and the private sector have mobilized more than $1 billion in new grants to combat methane emissions.

According to him, part of the funds will be provided to developing and least developed countries.

Kerry also noted that several major oil companies have joined the initiative, including BP, Eni, Equinor, Occidental Petroleum, Shell and Total, which have pledged $25 million each.