Third Major Economies Forum on Energy and Climate (MEF)
The meeting of the Major Economies Forum on Energy and Climate (MEF) was held recently.
Objectives of the MEF meeting:
Continuing the progress made at COP-26 by further strengthening climate action, and addressing urgent concerns about energy and food security arising from the Russo-Ukraine War.
MEF was launched in the year 2009 by the then US President Barack Obama. The purpose of this forum is to facilitate dialogue between major emitting countries (developed and developing) for better efforts against climate change.
Major economies participating in the MEF:
Australia, Brazil, Canada, China, EU, France, Germany, India, Japan, UK etc. These economies account for about 80% of global GDP and global greenhouse gas emissions.
The following new initiatives were announced at the meeting:
- Global Methane Pledge Energy Pathway: This includes dealing with methane leakage, venting and flaring from oil and gas fields.
- Collective 2030 zero-emissions vehicle target and green shipping challenge: It is proposed to reduce emissions in the transport sector.
Source – The Hindu