![]() ![]() This raises the often-overlooked importance of integrating the decarbonization of the oil and gas sector into wider climate initiatives and discussions.ĭuring flaring not all of the associated gas is burnt, and a relatively small amount of methane is released uncombusted. Flaring and venting reduction play a critical role in mitigating emissions of methane, which is a more potent greenhouse gas than carbon dioxide: A kilogram of methane emitted into the atmosphere can trap more than 25 times more heat than a kilogram of emitted carbon dioxide. In 2021, 144 billion cubic meters of gas was needlessly burnt in flares at upstream oil and gas facilities across the globe, resulting in approximately 400 million tons of carbon dioxide (CO 2) equivalent emissions, of which 361 MMtCO2e was in the form of CO 2 and 39 MMtCO 2e was in the form of methane.Įnding this wasteful and polluting practice is central to the broader effort to decarbonization oil and gas production. The remaining three Mexico, Libya, and China, have shown significant flaring increases in recent years. Seven of the top 10 flaring countries have held this position consistently for the last 10 years: Russia, Iraq, Iran, the United States, Venezuela, Algeria, and Nigeria. The top 10 flaring countries accounted for 75 percent of all gas flaring and 50 percent of global oil production in 2021. Impressive reductions in some countries have not offset concerning increases in others. ![]() The 2022 Global Gas Flaring Tracker, a leading global and independent indicator of gas flaring, finds that reductions in both absolute flare volumes and flaring intensity have stalled in the last decade, despite strong early progress. ![]()
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