02-05-2025
UAE hosts World Bank's Global Flaring and Methane Reduction Steering Committee Meeting
2 May 2025 18:05
ABU DHABI (WAM)The UAE hosted the World Bank's Global Flaring and Methane Reduction (GFMR) Steering Committee Meeting on April 29-30, 2025 at the Abu Dhabi Energy high-level meeting convened over 40 participants representing 12 countries and more than 25 international organisations, including ministerial delegations, national oil companies, multilateral development banks, and technical experts from across the global climate and energy UAE, as a founding member to the Global Flaring and Methane Reduction (GFMR) Partnership and the largest contributor with a $100 million pledge, reaffirmed its global leadership in tackling one of the most potent and short-lived climate pollutants: has over 80 times the warming potential of carbon dioxide in the short term, making its reduction one of the fastest and most effective ways to slow global warming. GFMR exists to confront this challenge by funding high-impact projects that eliminate routine flaring, and reduce methane emissions from oil and gas operations year's Steering Committee Meeting in Abu Dhabi served as both a checkpoint and a launchpad, reviewing the impact of existing interventions while shaping the next generation of financing, governance, and technology Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability, and UAE Board Member for GFMR, led the UAE participation, which included senior representatives from the Ministry of Foreign Affairs, Ministry of Industry and Advanced Technology, and the Abu Dhabi National Oil Company (ADNOC), who championed calls for transparent funding, equitable regional allocations, and the integration of cutting-edge technologies such as AI-based methane detection and blockchain verification Balalaa underscored the UAE's conviction that methane mitigation is both a climate necessity and an economic opportunity. The UAE is committed to ensuring that the GFMR remains a high-impact, transparent, and future-proof initiative, aligned with the UAE Consensus and the goals of the Paris its part, ADNOC has announced the investment of $23 billion in landmark decarbonisation projects, supported by advanced technologies such as artificial intelligence, and is working towards near-zero methane emissions and zero routine flaring by UAE also announced its intent to propose a dedicated High-Impact Methane Regions Program at the next GFMR Steering Committee, aimed at accelerating implementation in underfunded geographies with the highest potential for rapid emissions reductions.
This milestone meeting builds on the momentum of the UAE's climate diplomacy leadership, reinforcing its role as a driving force in global methane abatement.
