We can end routine gas flaring by 2030. Here’s how

SourceWorld Economic Forum
SectorOil & Gas
CountryMiddle east

Burning the gases associated with oil drilling has significant environmental consequences. It's also a waste of a valuable source of energy. The future of routine gas flaring hangs in the balance – but we can end it by 2030. We are now less than a decade away from the goal of Zero Routine Flaring by 2030, an ambition that sits at the nexus of climate change mitigation and energy policy. Developed by the World Bank and launched in 2015 by the UN, World Bank and several governments, along with oil companies and development institutions, the Zero Routine Flaring initiative is designed to end an oil industry practice that has existed since oil production first began more than 150 years ago. During oil production, natural gas is produced from the reservoir together with the oil. Some of this gas is wastefully flared (burned), rather than conserved or used for productive purposes.

Each year, about 150 billion cubic meters (bcm) of natural gas is flared, emitting 400 million tons of CO2-equivalent emissions and other pollutants, including methane (more than 80 times more powerful than CO2 over a 20-year period) and black carbon (soot). Black carbon from flares is also a ...read more...