Executive summary 49 countries flag as “code red” on gas flaring today – meaning that flaring is material in scale and urgent action is required to reduce it. Whilst most of these countries have already been making bold promises...
By reducing gas flaring, we can reduce emissions, create value and accelerate the energy transition. COP26 can help us to accelerate flaring reduction.
Executive summary Gas flaring creates more emissions than the airline industry, yet much of it can be solved technically and commercially. So-called “flare capture” projects are, therefore, “low-hanging fruit” that reduce emissions, create value and accelerate the energy transition....
Whilst latest UN climate discussions (COP25) closed with limited agreement, we think that flare monetisation (and addressing venting and leaking) is one of the decarbonisation levers that everyone can agree on.