Group 1 - The "Methane Finance Working Group" has launched an innovative financing framework aimed at the global oil and gas industry during COP28, focusing on integrating methane reduction into debt structures [1][2] - The framework provides a market-oriented financing path to help oil and gas companies, investors, and lenders incorporate methane emission management into their debt financing systems, facilitating funding for methane reduction projects [1][2] - The International Energy Agency estimates that the global oil and gas industry emitted approximately 80 million tons of methane in 2024, equivalent to the annual natural gas imports of the entire European region [1] Group 2 - The new debt financing framework is designed for both borrowers and lenders, particularly benefiting national oil companies, independent oil producers, and their financial partners [2] - The framework draws on proven green and transition finance tools to create performance-based loans and binding use of proceeds, effectively connecting methane reduction projects to the growing pool of transition finance [2] - Successful precedents in other industries, such as the issuance of $500 billion in labeled bonds by the global utility sector, serve as a model for the oil and gas industry to overcome funding bottlenecks and accelerate the transition to low-carbon production [2]