Russia's war against Ukraine is a wake-up call to reduce Europe's dependence on Russian oil, gas, and coal. It is also a defining moment to accelerate the energy transition to a net-zero society with more supply diversity, energy security, and resilience. Europe needs to massively invest in a cleaner energy system. In the short term, this crisis should accelerate our focus on reducing waste gas from flaring, venting, and leaking – some 260 billion cubic meters (BCM) globally or 1.7x that of the European Union's gas imports from Russia. By capturing gas from flaring, venting, and leaking in North Africa, Europe could, within 12-24 months, start to substitute up to 15% of Russian gas via highly underutilized pipelines and liquified natural gas (LNG) terminals in the region. By capturing this wasted gas, Europe and North African nations can significantly reduce CO2-equivalent emissions without delaying the energy transition and greatly benefit from new revenue streams to reinvest in clean energy sources. We have been talking for decades: it's now time to act.
Environmental Law | Law | Oil, Gas, and Mineral Law
Mark Davis, Perrine Toledano & Thomas Schorr,
North Africa Can Reduce Europe's Dependence on Russian Gas by Transporting Wasted Gas Through Existing Infrastructure,
Available at: https://scholarship.law.columbia.edu/sustainable_investment_staffpubs/217