Around 140 billion cubic metres of gas is flared or burned annually worldwide, equating to some 350 million tonnes of carbon dioxide emissions. This is equivalent to the entire electricity consumption of the African continent, according to Anita George, a director of the World Bank's International Finance Corporation, with a special focus on the energy and extractive industries.
“Eliminating this gas flaring would, in emissions terms, be equivalent to removing 70 million cars off the streets and could have a huge visible, significant and relatively short-term impact on climate change,” she told delegates at Round Table 9, 'Where are we now in the climate change agenda' at the World Petroleum Congress in Moscow.
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