The 2020 edition of the World Bank’s Global Gas Flaring Tracker, released this week, estimates that global gas flaring rose by 5bcm to 150bcm for 2019, a depressing finding given the stark contrast with the carbon reduction rhetoric emanating from IOCs and NOCs alike (MEES, 3 July). The annual flaring figure equates to around 400mn tons of CO2 equivalent.
The annual World Bank reports are intended as a score card towards a target of ending routine flaring by 2030. Estimates are based on data from a satellite launched in 2012 and monitored by the United States National Oceanic and Atmospheric Administration (NOAA). (CONTINUED - 474 WORDS)