Alberta renews GHG emissions reduction partnership with World Bank
Alberta is renewing its partnership with the World Bank and its commitment to meet its 2020 emissions reduction target as part of the province’s ongoing work to help address climate change.
Alberta’s world-class expertise in the management and reduction of natural gas flaring will form the basis of the Global Gas Flaring Partnership, which will see the province’s best practices and regulatory approach on flaring management shared with other countries.
“Alberta remains committed to meeting its 2020 emissions reduction target, and building on our strong partnerships will be a key part of our new climate change strategy to ensure we achieve this goal. We also remain committed to helping reduce emissions worldwide by sharing our best practices in energy production internationally through a renewed collaboration with the World Bank.”
“The World Bank looks forward to strengthening its partnership with Alberta, a global leader in many areas of energy development, and is interested in collaborating on projects to monitor, reduce and report gas flaring.”
As a global leader in many areas of energy development, Alberta is able to provide expert advice in support of the partnership. The province also has a robust regulatory framework – among the most rigorous systems in the world – and has achieved significant flaring reductions.
Originally signed in 2012, the three-year agreement with the World Bank was set to expire this year. Renewing the agreement will allow for continued improvements on global flaring monitoring and reporting. In addition, the partners will explore options to expand work to include international research collaboration for developing remote sensing technology in the gas flaring measurement.
Alberta will continue to share best practices with international partners to improve how energy is extracted and produced.