Responsibly managing and reducing the amount of natural gas that is flared routinely or as a result of an unscheduled event across oil and gas operations is a key opportunity to reduce industry’s upstream emissions. Of equal importance, whilst reducing flaring, the natural gas can be conserved and utilised to provide access to energy across the world.
This webinar provides insights and key takeaways from the World Bank Global Flaring and Methane Reduction Partnership’s (GFMR) recently launched 2024 Global gas flaring tracker report. The report highlights that in 2023, global gas flaring reached its highest level since 2019, equivalent to adding five million cars to the roads. Additionally, if this gas had been utilised to improve energy access, it could have generated enough electricity to double the amount currently provided in Sub-Saharan Africa.
In addition to providing an overview of global flaring estimates, the report also focuses on the challenge of measuring methane from flares and how actual emissions of methane may in fact be higher than historically estimated if flares are less efficient than previously assumed.
Speakers
- Zubin Bamji, GFMR Program Manager, World Bank
- Alexandrina Platonova-Oquab, Senior Energy Specialist, World Bank