Capturing economic and social value from hydrocarbon gas flaring and venting: evaluation of the issues

Etienne Romsom and Kathryn McPhail

No wp-2021-5, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Atmospheric emissions urgently need to reduce for natural gas to fulfill its potential role in the energy transition to achieve the Paris Agreement on climate change. This paper establishes the magnitude and trends of flaring and venting in oil and gas operations, as well as their emissions and impact on air quality, health, and climate. While global flaring and venting comprise 7.5 per cent of natural gas produced, their combined impact on health and climate (in terms of Social Cost of Atmospheric Release) accounts for 54 per cent.

Keywords: Energy transition; Gas; Health; Climate; Air; Energy (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (3)

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