In 2023, global methane emission levels in the atmosphere reached record highs, at more than two and a half times their pre-industrial level. One of the major causes identified was the increased extraction, transportation, and utilisation of fossil gas, which cause unintended and often significant leakages of methane (fugitive emissions) across the supply chain.
This paper details the full consequence of including the fossil gas in taxonomies and the need to transition away from fossil energy sources to renewables and increase energy efficiency measures through the adoption of credible transition plans.
