EnergyCC and the Center for Global Development (CGD) are collaborating on a methane reduction and health outcomes project, funded by CGD’s Incubation Fund. The initiative emphasizes the importance of innovative fiscal policies to incentivise operators to reduce emissions from oil and gas flaring. About 7.5% of natural gas is wasted annually, worth about US$120 billion. Repurposing this wasted gas for economic use can add significant value to local economies. This is particularly relevant since Public debt has risen in size and number of countries affected post  COVID-19.

The project includes: a scoping study on Brazil's gas flaring trends, an update of Nigeria's progress (2012–2022), and a literature review to assess flaring’s health impact. A larger follow-up proposal seeks funding for

• a comprehensive Brazil case study,
• improved methods for linking emissions data to health outcomes, and
• guidance on win-win-win performance-based tax regimes to reduce wasteful emissions.

The research aims to inform better policy, particularly for institutions such as the IMF that assists over 60 oil and gas-dependent nations. The IMF's assessment of national debt sustainability includes advising on fiscal policies and supporting countries via its Resilience and Sustainability Trust.