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

Author

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  • Etienne Romsom
  • Kathryn McPhail

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.

Suggested Citation

  • Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: evaluation of the issues," WIDER Working Paper Series wp-2021-5, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2021-5
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2021-5-capturing-value-gas-evaluation-issues.pdf
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    References listed on IDEAS

    as
    1. Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: solutions and actions," WIDER Working Paper Series wp-2021-6, World Institute for Development Economic Research (UNU-WIDER).
    2. Etienne Romsom & Kathryn McPhail, 2020. "The energy transition in Asia: The role of liquefied natural gas and implications for East African producers," WIDER Working Paper Series wp-2020-80, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Etienne Romsom, 2022. "Countering global oil theft: responses and solutions," WIDER Working Paper Series wp-2022-35, World Institute for Development Economic Research (UNU-WIDER).
    2. Etienne Romsom, 2022. "Global oil theft: impact and policy responses," WIDER Working Paper Series wp-2022-16, World Institute for Development Economic Research (UNU-WIDER).
    3. Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: solutions and actions," WIDER Working Paper Series wp-2021-6, World Institute for Development Economic Research (UNU-WIDER).

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    3. Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: solutions and actions," WIDER Working Paper Series wp-2021-6, World Institute for Development Economic Research (UNU-WIDER).
    4. Etienne Romsom, 2022. "Countering global oil theft: responses and solutions," WIDER Working Paper Series wp-2022-35, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    Energy transition; Gas; Health; Climate; Air; Energy;
    All these keywords.

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