Financing Solutions to Reduce Natural Gas Flaring and Methane Emissions

Page 45

Gas Flaring and Methane Emissions Facts and Trends

23. For a detailed analysis of flaring and flaring intensity trends, see GGFR (2021). 24. GGFR’s Zero Routine Flaring website, accessed May 5, 2021 (https://www.worldbank.org​ /en/programs/zero-routine-flaring-by-2030#4). 25. Information on the Global Methane Initiatives can be found at https://www.globalmethane​ .org/about/index.aspx, last accessed on May 25, 2021. 26. Additional information on the Oil and Gas Methane Partnership can be found at https:// www.unep.org/news-and-stories/press-release/oil-and-gas-industry-commits-new​ -framework-monitor-report-and-reduce, last accessed May 25, 2021. 27. Climate and Clean Air Coalition website, accessed May 25, 2021 (https://www.ccacoalition​ .org/en/partners). 28. The strategy and the European Union Methane Target Plan are available at https://ec​ .europa.eu/commission/presscorner/detail/en/IP_20_1833, accessed May 25, 2021.

REFERENCES Ambrose, Jillian. 2019. “Fracking Causing Rise in Methane Emissions, Study Finds.” Guardian, August 14. https://www.theguardian.com/environment/2019/aug/14/fracking​ -causing-rise-in-methane-emissions-study-finds. Argonne Venting and Flaring Research Team. 2017. “Analysis of Potential Opportunities to Reduce Venting and Flaring on the OCS.” Bureau of Safety and Environmental Enforcement, US Department of Energy. https://www.bsee.gov/sites/bsee.gov/files/5007aa.pdf. Beck, Chantal, Sahar Rashidbeigi, Occo Roelofsen, and Eveline Speelman. 2020. “The Future Is Now: How Oil and Gas Companies Can Decarbonize.” McKinsey & Co., January 7. https:// w w w. m c k i n s e y.c o m / i n d u s t r i e s / o i l - a n d - g a s / o u r- i n s i g h t s / t h e - f u t u r e - i s​ -now-how-oil-and-gas-companies-can-decarbonize. Buzcu-Guven, Birnur, and Robert Harriss. 2012. “Extent, Impacts and Remedies of Global Gas Flaring and Venting.” Carbon Management 3 (1): 95–108. Elvidge, Christopher D., Morgan D. Bazilian, Mikhail Zhizhin, Tilottama Ghosh, Kimberly Baugh, and Feng-Chi Hsu. 2018. “The Potential Role of Natural Gas Flaring in Meeting Greenhouse Gas Mitigation Targets.” Energy Strategy Reviews 20 (2018): 156–62. EPA (US Environmental Protection Agency). 2012. “Global Anthropogenic Non-CO 2 Greenhouse Gas Emissions: 1990–2030.” Office of Atmospheric Programs, Climate Change Division, US EPA, Washington, DC. GGFR (Global Gas Flaring Reduction Partnership). 2016. “Gas Flaring Definitions.” World Bank, Washington, DC. http://documents.worldbank.org/curated/en/755071467695306362​ /pdf/106662-NEWS-PUBLIC-GFR-Gas-Flaring-Definitions-29-June-2016.pdf. GGFR (Global Gas Flaring Reduction Partnership). 2019a. “Gas Flaring Estimates. Methodology for Determining the Flare Volumes from Satellite Data.” World Bank, Washington, DC. http://pubdocs.worldbank.org/en/853661587048977000/Estimation-of-flare-gas-volumes​ -from-satellite-data-002.pdf. GGFR (Global Gas Flaring Reduction Partnership). 2019b. “GGFR Technology Overview— Utilization of Small-Scale Associated Gas.” World Bank, Washington, DC. http://documents​ .worldbank.org/curated/en/469561534950044964/pdf/GGFR-Technology-Overview​ -Utilization-of-Small-Scale-Associated-Gas.pdf. GGFR (Global Gas Flaring Reduction Partnership). 2021. “Global Gas Flaring Tracker Report.” World Bank, Washington, DC. https://thedocs.worldbank.org/en/doc​ /1f7221545bf1b7c89b850dd85cb409b0-0400072021/original/WB-GGFR-Report-Design​ -05a.pdf. GGFR (Global Gas Flaring Reduction Partnership). Forthcoming. “Global Review of Regulation of Gas Flaring and Venting.” World Bank, Washington, DC. Hajilary, Nasibeh, Mahallah Rezakazemi, and Aref Shahi. 2020. “CO2 Emission Reduction by Zero Flaring Startup in Gas Refinery.” Materials Science for Energy Technologies 3 (2020): 218–24. https://reader.elsevier.com/reader/sd/pii/S2589299119301375?token=BF435D6FB 7891E604E6C83390A3B0C4CFC74E1903CBC31F10AE032C8ACCA43B14BE867EE2590F 270162A9F54055C5C8B&originRegion=us-east-1&originCreation=20210513182848.

|

25


Turn static files into dynamic content formats.

Create a flipbook

Articles inside

Risks of FMR investments and mitigating factors

6min
pages 127-130

A.1 Selected companies that offer flaring and methane reduction solutions

4min
pages 131-132

Financial attractiveness of flaring and methane reduction investments

4min
pages 125-126

References

1min
page 124

Galileo

5min
pages 110-111

4.4 Flared gas volume in Nigeria, 1992–2019

4min
pages 113-114

Notes

2min
page 123

phases

5min
pages 115-116

Crusoe Energy Systems

5min
pages 118-119

The Nigerian Gas Flare Commercialisation Programme

2min
page 112

4.1 Termo Mechero Morro

1min
page 109

Mechero Energy

2min
page 108

4.2 Aggreko’s installed capacity, by geography

6min
pages 102-104

4.3 Sacha Central flare-to-power business model

4min
pages 106-107

Hoerbiger

2min
page 105

Methodology and general assumptions

2min
page 71

Aggreko

2min
page 100

Highlights

1min
page 69

Summary takeaways

1min
page 99

Notes

2min
page 65

gas sector

3min
page 56

reduction financing

3min
page 64

Financing instruments

2min
page 58

2.1 Banking on Climate Change 2021’s bank policy scoring

2min
page 51

2.2 The European Union Green Bond Principles: Overview

5min
pages 60-61

2.3 Transition bond guidelines: Summary

2min
page 62

and Development, 2014–20

2min
page 57

Categories of investors

1min
page 47

reduction

4min
pages 32-33

1.2 Examples of countries’ regulatory approaches to gas flaring

2min
page 38

Contributions

3min
page 39

Regulatory developments

4min
pages 36-37

References

4min
pages 45-46

1.8 Emission reduction commitments and targets of selected companies

2min
page 43

Notes

2min
page 44

1.3 Reasons for routine flaring and venting (upstream

3min
page 27
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Financing Solutions to Reduce Natural Gas Flaring and Methane Emissions by World Bank Publications - Issuu