Financial impact
150 billion cubic meters per year of flared gas is roughly equivalent to …
• Gas use in all US residences for a year
• 5% of global natural gas production
• 23% of US natural gas use
• 30% of EU natural gas use
• US$10 Billion lost revenue
• 2.4 Million barrels of oil equivalent per day
Climate impact
400 million tonnes per year of CO2 is roughly equivalent to …
• Annual emissions from 77 Million cars (34% of US fleet)
• 2% of global CO2 emissions from energy sources
• US$6 Billion carbon credit value at $15.00
per Metric Tonne
• 20% of global steel industry CO2
emissions
• 35% of global cement industry CO2
emissions
• Output from 125 medium-sized coal plants
about 63 gigawatts (GW)
(Source: GE)
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