The energy sector accounts for around 40% of methane emissions from human activity, the IEA said. Other industries, with agriculture at the top, are also big methane emitters. "Methane leaks multiply the climate impact of burning coal. This issue can no longer be ignored," said Anatoli Smirnov, coal mine methane lead at London-based climate research group Ember. "To date, coal companies have done very little to reduce methane leaks, despite the existence of cost-effective technologies," he added in a statement.
Fatih Birol, the IEA's executive director, lamented the prospect that had all methane leaks from the fossil fuel industry been captured and sold last year, the world could have been furnished with 180 billion cubic metres of natural gas. "At today's elevated gas prices, nearly all of the emissions from oil and gas operations worldwide could be avoided at no net cost," he was quoted as saying. The IEA estimated that the lost methane was equivalent to all the gas used in Europe's power sector and more than sufficient to ease the tight supply which have driven up prices.