Opportunities to benefit climate and increase fiscal revenues exist. Ahead of COP26, Oxford Policy Management discusses how producing countries can use technologies and increased regulation for global good.
The UK FCDO / DFID’s support for Nigeria, implemented by Oxford Policy Management (OPML), resulted in Nigeria pioneering the use of satellite data to identify and make transparent emissions from flaring from oil and gas facilities. A Blog published by OPM , sets out how the associated improvements in Nigeria’s regulatory system have reduced flaring emissions significantly (also benefitting health) and have also raised significant additional fiscal revenues: an estimated US$270 million in 2020. This creates opportunities for the 30+ developing economies with a high level of dependence on oil and gas production. The Blog is among OPML’s most visited.
For more information, see also: https://energycc.com/blogs/gas-and-oil-industry-emissions-what-could-be-done-right-now.html
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