EnergyCC and CGD publish first results from a joint Project on the evidence and institutional underpinning for using tax incentives to abate emissions of methane and other pollutants produced by gas flaring in developing countries
Distilling lessons from natural gas flaring in countries like Brazil and Nigeria, identifying the major challenges ahead, and highlighting effective policies to curb emissions.
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
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.
Share this article
Read Other News
Feb 12, 2024 • Oil & Gas Industry
Using satellite technology to identify ‘super emitter’ gas flares in Nigeria
Nov 22, 2023 • Policy
To demonstrate how methane emissions can be reduced, CGD and EnergyCC have launched a video as a call for action.
Nov 21, 2023 • Leadership
Reduction of methane is a quintuple win:for health, for climate, for energy access, for food security and for fiscal revenues. Methane reduction from the oil & gas sector is attractive because emissions are concentrated and have a favourable abatement cost profile.
