David Victor Quoted on Flared Gas
GEN ELEC : Five Percent of World's Natural Gas Wasted, GE Report Says
04/04/2011
BusinessWire
GE (NYSE: GE) today released a study, Flare Gas Reduction: Recent Global Trends and Policy Considerations, which estimates that 5 percent of the world's natural gas production is wasted by burning or "flaring" unused gas each year--an amount equivalent to 30 percent of consumption in the European Union and 23 percent in the United States. Gas flaring emits 400 million metric tons of CO2 annually, the same as 77 million automobiles, without producing useful heat or electricity. Worldwide, billions of cubic meters (bcm) of natural gas are wasted annually, typically as a by-product of oil extraction.
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David Victor is Director of the Laboratory on International Law and Regulation (ILAR). Looking across a wide array of issues from environment and energy to human rights, trade and security, the Laboratory explores when (and why) international laws actually work.
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