Gas flaring is a phenomenon that is wasteful in terms of valuable resources as well as a contributor to global GHG emissions, and occurs mostly in developing countries. It can only be mitigated through long-term and strategic investments, involving a myriad of stakeholders. A crediting mechanism could be seen as a starting point to create incentives for both private and public parties to build infrastructure enabling the utilisation of the associated gas. In this paper, the Clean Development Mechanism is examined to determine its adequacy in this regard. As the CDM provides limited means due to its single-project nature, this paper further explores Sectoral Crediting Mechanisms, which reflect a more sustainable approach.
Cathy Suykens is a student in Master of Laws in Energy and Environmental Law at the Katholieke Universiteit Leuven; She would like to thank Prof. Dr. Geert van Calster, director of this program.