Home | FCA & regulatory news | British English edition
Trade Hub UK

Independent coverage of UK markets, FCA policy and institutional trading

AD Bank of England Statistics AD Investing.com Markets AD LSEG Data AD CME Group Education
FCA & Rules

‘Breakthrough’ as Turkmenistan starts fixing ‘mindboggling’ methane mega-leaks

Secretive state begins repairs on ageing facilities after being revealed as worst country for leaks of potent greenhouse gas

Turkmenistan has started plugging the mega-leaks of methane that spew from its ageing oil and gas facilities, the latest UN data shows, in a move hailed as a breakthrough.

Methane, also called natural or fossil gas, is a potent greenhouse gas. It traps 80 times more heat than carbon dioxide and causes 25% of global heating today. Stopping leaks can be quick and cheap and, because methane breaks down in the atmosphere far quicker than CO2, this has a rapid impact, with some experts calling it the climate “emergency brake”.

Continue reading...