(1) The @IEA's World Energy Outlook 2022 is out! #WEO22
The report highlights harmful venting and flaring that, if stopped, could positively contribute to energy security in a time of crisis.
Here are some key takeaways 👇
The report highlights harmful venting and flaring that, if stopped, could positively contribute to energy security in a time of crisis.
Here are some key takeaways 👇
(2) The annual capacity of #Nordstream1 leaked every year
Flaring, venting and leaks are wasting gas that could be exported to the EU, at a rate equivalent to a year's capacity of the Nord Stream I pipeline. That’s 1/3 of the total gas Europe received from Russia in 2021 🤯
Flaring, venting and leaks are wasting gas that could be exported to the EU, at a rate equivalent to a year's capacity of the Nord Stream I pipeline. That’s 1/3 of the total gas Europe received from Russia in 2021 🤯
(3) Capturing emissions provides energy
Of the 260 billion cubic meters (bcm) of fossil gas that was flared, vented or leaked in 2021, nearly 210 bcm could have been used by gas markets by ending non‐emergency flaring and reducing methane emissions from oil and gas operations.
Of the 260 billion cubic meters (bcm) of fossil gas that was flared, vented or leaked in 2021, nearly 210 bcm could have been used by gas markets by ending non‐emergency flaring and reducing methane emissions from oil and gas operations.
(4) Existing solutions can unlock huge reductions
Using existing technology to reduce methane emissions over the next decade would eliminate the same amount of greenhouse gas emissions produced by all of the world’s cars, trucks, buses and two/three‐wheelers.
Using existing technology to reduce methane emissions over the next decade would eliminate the same amount of greenhouse gas emissions produced by all of the world’s cars, trucks, buses and two/three‐wheelers.
(5) The EU has a responsibility and incentive to act
The intensity of flaring on oil imported by the EU is 5.5x larger than domestic production, making the potential for methane capture - and energy savings - outside of EU borders higher.
Read more 👉 iea.org/reports/world-…
The intensity of flaring on oil imported by the EU is 5.5x larger than domestic production, making the potential for methane capture - and energy savings - outside of EU borders higher.
Read more 👉 iea.org/reports/world-…
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