Global Gas Flaring Reduction Partnership

The joint announcement was made at the Major Economies Forum on Energy and Climate by US President Joe Biden and EU President Ursula von der Leyen.

Ten countries account for three-quarters of gas flaring; ending routine flaring and methane emissions is key to the energy transition.

This report provides a systematic framework for evaluating the feasibility of financing flare reduction projects at medium-sized flaring sites that have historically been difficult to tackle.

The Flaring Management Guidance outlines new flaring management and reduction developments and examines industry experiences with eliminating flaring and new technologies, business models, operational improvements, and regulatory policy.

IFC is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world.

A new blog by GGFR says oil-producing countries should rightfully assume the lion’s share of responsibility for ending routine flaring, but oil-importing countries also have an important part to play.

Global gas flaring declined by 5% in 2020. Russia, Iraq, Iran, the United States, Algeria, Venezuela, and Nigeria remain the top seven gas flaring countries for nine years running, accounting for two-thirds (65%) of global gas flaring.

We are now less than a decade away from the goal of Zero Routine Flaring by 2030, an ambition that sits at the nexus of climate change mitigation and energy policy.

The International Energy Agency’s (IEA) new analysis found that the commitments from the Bank’s Zero Routine Flaring Initiative will be an integral component of the path to the Paris goal of limiting global warming to well below 2°C.