Extractives for Development work presented at Center for Global Development webinar

The Center for Global Development organises an online event Practical Action on Methane Emissions: How the IMF and Others Can Help on Tuesday 21 November. Kathryn McPhail (EnergyCC) presents UNU-WIDER research findings on natural gas emissions, and Etienne Romsom (EnergyCC) joins for the discussion.

The webinar brings together the perspectives of country policy makers and regulators, fiscal policy experts, and researchers to share insights on how some countries are already leading in application and on how other countries can benefit. Solutions are in part based on innovative work and the global clout of the IMF. As this event is leading up to COP28, the panelists delve into how IMF teams can raise this issue to help country authorities act quickly, and discuss how the IMF and other related institutions can incentivize practical action on methane emissions for prosperity and a better climate.

Kathryn McPhail, Chief Executive Officer of EnergyCC, introduces a four-part approach for action on methane emissions to create social and economic benefits, published on WIDER Working Papers:

• Capturing economic and social value from hydrocarbon gas flaring and venting: evaluation of the issues
• Capturing economic and social value from hydrocarbon gas flaring and venting: solutions and actions

Previous dissemination

Findings of the papers were initially presented at a UNU-WIDER Roundtable COP26 Are we Ready? Capturing economic and social value for developing countries, in October 2021.

One great success of COP26 was the Global Methane Pledge, which now has 150 governments as signatories. UNU-WIDER published a Working Paper in 2022 on Looking Ahead To COP27 — From Climate Pledges To Action: The Global Methane Pledge — Opportunities And Risks.

Findings were also presented and discussed in two COP27 multi-stakeholder events:

• UNU-WIDER Think WIDER Webinar Series: World Energy Looking ahead to COP27, October 2022
• UNU-WIDER Roundtable Looking ahead to COP27: from climate pledges to action, September 2022

The presentation is part of the dissemination of the Extractives for Development (E4D) – risks and opportunities project, which is part of UNU-WIDER's research and capacity development programme on domestic revenue mobilization (DRM), funded by the Norwegian Agency for Development Co-operation (Norad).