– News

Looking ahead to COP26

Oct 21, 2021

Policy

The imperative to reduce the emissions associated with oil and gas production.

As Professor Tony Addison, UNU-WIDER, writes in his blog: “Precious biodiversity, forests, and water are too often lost or damaged by oil and gas production.. Since the world needs natural gas and oil for some time to come, it is imperative to reduce the emissions associated with their production, while making every effort to accelerate their phase out….The venting and flaring of gas in the oil and gas industry is a substantial contributor to the sector’s emissions, and these practices also release toxic chemicals that harm health. Drawing on two WIDER Working Papers, Kathryn McPhail and Etienne Romsom discuss the technical and economic solutions that are available today to stop gas flaring and venting. Nigeria, for example, has shown how satellite data can be used to track the problem and take action. These measures could make substantial contributions to meeting the nationally determined contributions (NDCs) of major producing countries”.

For more information, see also https://energycc.com/blogs/looking-ahead-to-cop26

Source

Share this article

Read Other News

Taking the Lead: Rechanneling SDRs to Create and Leverage a New Global Resilience Trust at the IMF

Sep 30, 2021 • Policy

The IMF should set up a Global Resilience Trust (GRT) without delay.

Read More
Gas and oil industry emissions – what could be done right now?

Oct 28, 2021 • Policy

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.

Read More
UNU-WIDER publishes EnergyCC's second paper on the impact of natural gas emissions

Mar 30, 2021 • Oil & Gas Industry

An integrated framework ('Diamond Model') to reduce global flaring and venting.

Read More