According to Reuters, Bowen stated that "by joining the Pledge, Australia will join the rest of the world's major agricultural commodity exporters including the United States, Brazil, and Indonesia in identifying opportunities to reduce emissions in this hard-to-abate sector."

Last year, over 100 countries joined the effort initiated by the European Union and the United States to cut methane emissions levels by 30% before the end of this decade compared to 2020 levels.

While methane last significantly less compared to CO2, around two decades, it has the potential to heat the planet up by more than 80 times.

Some of the biggest emitters of methane in the world that are also part of the Global Methane Pledge are the United States, Brazil and Indonesia.

The Australian government will invest nearly 2 billion USD for the research and development of low emission technologies and agricultural methane reduction, among other measures.

"As result of signing the Pledge, the Australian Government will not legislate or introduce taxes or levies to reduce livestock emissions", Bowen mentioned.

"Canada, with a very similar economy to us, Brazil, Argentina, New Zealand and the European Union are all signatories and it's appropriate that Australia joins", he added.