IEA Sees Bargains in $100 Billion LNG Clean-Up Proposal

The world’s liquefied natural gas supply chains spew roughly 350 million tons of carbon dioxide equivalent a year — more than Italy’s annual emissions. For roughly $100 billion, that climate footprint could be cut by 60%, according to the International Energy Agency.

The proposal identifies multiple low-cost opportunities that would significantly decrease LNG’s climate footprint. For instance, cutting methane leaks alone could bring down annual emissions by close to 90 million tons of CO2e, or 25% of total LNG emissions, the IEA said. About half of that reduction could be realized at no net cost.