Global Methane Hub Announces New $300M Round of Funding at White House Super Pollutant Summit

Funding from current, new funders signals momentum on tackling harmful emissions

Washington, D.C. – The Global Methane Hub announced over $300 million in new funding Tuesday to support methane reduction around the world. The new funding – led by a consortium of philanthropies including the High Tide Foundation – will go directly to projects aimed at curbing methane pollution in the most efficient ways possible at the international, national, and local levels.

Since its inception in 2021, the Global Methane Hub has helped catalyze over $10 billion in methane reducing project investments by convening funders focused on addressing climate change and strategically regranting $200 million to 114 grantees conducting methane reduction work in 152 countries. A super pollutant, methane is responsible for roughly 45% of recent global warming.

The Hub made the announcement at Tuesday’s White House Super Pollutants Summit, where policymakers, development finance institutions, private sector companies, and NGOs convened in Washington, D.C. to discuss actions to reduce greenhouse gasses, such as methane and N2O. Attendees included: Marisa de Belloy, CEO of High Tide Foundation; Rick Duke, U.S. Department of State Deputy Special Envoy for Climate; John Podesta, Senior Advisor to President Biden; Andrew Steer, President and CEO of Bezos Earth Fund; and Christie Ulman, President of Sequoia Climate Foundation. They responded to the funding announcement with the following reactions:

“Methane mitigation provides a window of opportunity to reduce warming in the short term. GMH has seized on this opportunity, providing over 200 million dollars in targeted funding to help mobilize over 14 billion dollars more, showing the power of regranting to tackle global problems,” said Marisa de Belloy, CEO of High Tide Foundation.

“Ever since the Global Methane Pledge was launched, GMH has been there to help support those who want to lead on methane mitigation. We will continue to work with them in this decadal sprint to reduce emissions 30% by 2030,” said Rick Duke, U.S. Department of State Deputy Special Envoy for Climate.

“Our model is simple, but it works: fund grantees across the globe to increase their real-world impact. We’re in a sprint to lower methane emissions and we are proud to serve as a convener between governments, philanthropies, and industry leaders in the fight to reduce harmful emissions. This latest round of funding is a testament to the tangible success we’ve had so far, and a signal that there is support for more work ahead,” said Marcelo Mena, CEO of the Global Methane Hub.

“Our partnership with the Global Methane Hub is about solving very tangible problems. In 2021, world leaders committed to tackling methane emissions, and today we are supporting multiple innovative and ambitious efforts to curb these emissions across oil, gas, and agriculture,” said Dr. Andrew Steer, President and CEO of the Bezos Earth Fund.

“Superpollutants have contributed to over half of recent warming. They also account for millions of annual deaths due to air pollution, which disproportionately affects vulnerable communities. Mitigating methane can help reduce 0.3C and reduce health risks in the short term. The Global Methane Hub – and philanthropy broadly – are key players in continuing to accelerate our progress,” said Christie Ulman, President of Sequoia Climate Foundation.

The new round of funding includes participation from both current and new funders who are committed to advancing progress and building on the momentum of methane emissions reductions. Projects funded by the Global Methane Hub include:

• Addressing critical funding gaps for methane-detecting satellites to increase data collection and enhance transparency that allow local authorities to pinpoint emission sources. Satellite projects receiving funding from the Hub include MethaneSAT, including their launch earlier this year, an upcoming launch at Carbon Mapper, and the Waste Methane Assessment Platform (Waste MAP), a pioneering global initiative in collaboration with Rocky Mountain Institute and Clean Air Task Force, with support from Google.org. The Waste MAP utilizes satellite monitoring to track and measure methane emissions from landfills.
• The Enteric Fermentation Research and Development Accelerator, a $200 million funding initiative to tackle methane emissions in the agriculture sector. This is a first of its kind public, private, philanthropic effort spearheaded by the Hub with the Bezos Earth Fund, High Tide Foundation, Bill & Melinda Gates Foundation, The Zegar Family Foundation, and Danone.
• Providing $10 million to the Climate and Clean Air Coalition (CCAC), a UN initiative serving as the secretariat of the Global Methane pledge, which additionally has assisted 30 countries with developing plans to reduce their methane emissions, including technical support to estimate emissions, identify mitigation options, and design policies to meet those goals.
• Providing $1.5 million in funding for emissions reduction initiatives in partnership with Beyond Oil & Gas Alliance (BOGA), the first international coalition of governments and partners working together to facilitate the phase-out of oil and gas production.
• Collaborating with the UN Environment Programme’s International Methane Emissions Observatory and its partners on the Data to Methane Action Campaign. The Global Methane Hub provided $10 million in funding to help support governments and businesses to identify and reduce methane leaks through better data monitoring.
• Supporting the International Fund for Agriculture Development’s Reducing Agricultural Methane Program, working with 15 governments to incorporate agricultural methane into their nationally determined contributions and 10 governments to build investment pipelines in low-methane agricultural development.