GE study finds 5% of worlds natural gas production wasted per year by flaring
Green Car Congress
APRIL 4, 2011
A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. Nearly $20 billion in wasted natural gas could be used to generate electricity and yield billions of dollars per year in increased global economic output. Expand access to financing.