Publication: Global Gas Flaring Tracker Report
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2024-12-09
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2024-12-09
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The Tracker report for 2024 comes as a global sense of urgency is taking hold. At the end of last year, the 2023 United Nations Climate Change Conference (COP28) again underscored the importance of transitioning away from unabated oil and gas. At the same time, oil and gas will continue to play a material role in the global energy system until at least 2050. This places the burden of responsibility on operators to ensure that oil and gas are produced as cleanly as possible during the energy transition. It is clear that routine gas flaring also continues to represent a lost opportunity to provide communities around the world with much-needed energy security and a cleaner source of power. This business-as-usual practice of pursuing oil production with little consideration for the potential use of associated gas is not just polluting, it is immensely wasteful. To support countries with the least resources and capacity to address greenhouse gas emissions from the oil and gas sector, the World Bank has launched the Global Flaring and Methane Reduction (GFMR) Partnership. GFMR builds on the legacy of the Global Gas Flaring Reduction Partnership and broadens the scope to include providing support for gas flaring and methane emissions reduction along the entire oil and gas value chain.
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“World Bank. 2024. Global Gas Flaring Tracker Report. © World Bank. http://hdl.handle.net/10986/42520 License: CC BY-NC 3.0 IGO.”
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