Every year, oil and gas producers burn off or vent into the atmosphere roughly 8 percent of the gas they extract. Reducing this waste is not an intractable problem. It is a policy failure. And fixing it would deliver a rare win-win.
Given Brazil’s leadership role at this year’s COP, its experience with gas flaring will set an example for both established and new oil and gas producers.
By incentivizing companies to capture and use currently wasted gas, countries can eliminate a threat to human health and food security, increase energy access, and help generate tens of billions of dollars per year for national economies.
For this event, the Center for Global Development brings together the perspectives of country policy makers and regulators, fiscal policy experts, and researchers to share insights on how some countries are already leading in application and on how other countries can benefit. Solutions are in part ...