World Bank warns against rising global gas flaring, calls for regulations
Recent satellite data gathered by the World Bank shows the amount of gas flared worldwide has increased, marking its highest level since 2019.
This led to an additional 23 million tonnes of carbon dioxide equivalent emissions, roughly equivalent to the emissions from approximately five million cars.
Zubin Bamji, the World Bank’s Global Flaring and Methane Reduction (GFMR) Manager said, “The increase in gas flaring is particularly disheartening as it comes after a long-overdue reduction in 2022. This sets global gas flaring levels back to what we experienced in 2019. We’re hopeful that this is somewhat of an anomaly, and the longer-term trend will be dramatic reductions.”
Gas flaring emits harmful pollutants such as black carbon and unburnt methane, which exacerbate climate change and present risks to human health and the environment.
Demetrios Papathanasiou, World Bank Global Director for the Energy and Extractives Global Practice, said, “Capturing and using this wasted gas could displace dirtier energy sources, reduce greenhouse gas emissions, and generate enough power to double the amount of electricity provided in Sub-Saharan Africa.”
The cessation of gas flaring could avert a staggering 381 million tonnes of carbon dioxide equivalent emissions from entering the atmosphere annually.
Read more: BNP Paribas and Bank of Korea cut ties with Santos’ Barossa gas project
The conversion of flared gas into a productive resource has the potential to replace more polluting energy sources, enhance energy access in impoverished regions, and bolster energy security in numerous nations.
The World Bank’s annual Global Gas Flaring Tracker Report is a tool for monitoring and assessing the global status of gas flaring and tracking advancements toward achieving Zero Routine Flaring by 2030.
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