This document prepared by Clearstone Engineering in relation to the CCAC technology demonstration project "Financing and Measuring Black Carbon Emission Reduction in the Oil and Gas Sector"...
Technology and practice demonstrations at selected PEMEX and Ecopetrol facilities, carried out within the framework of the United Nations Framework Convention on Climate Change’s (UNFCCC) Nationally Appropriate Mitigation Actions (NAMA), produced mitigation and business plans that identified significant opportunities to reduce emissions by recovering high-value liquids from flare streams and avoiding millions of dollars in annual energy and production losses from these facilities.
The NAMA project’s approach to SLCP reduction activities in the oil and gas sector is an example of how public-private cooperation can improve the diffusion of existing technologies and introduce new technologies that could bolster existing efforts on near-term climate change and related public health, food and energy security, and environmental issues.
The projected reductions in SLCPs emissions have the potential to realize significant and measureable environmental, health and social co-benefits, which support the CCAC’s role as a transformative catalyst of change in the oil and gas sector.