Greenhouse gas emissions from petroleum production in Guyana: An examination of the implications for the country's net carbon sink status.

Abstract

The emerging petroleum production sector has been positively impacting Guyana's economic prospects while contributing to an anticipated increase in the country's greenhouse gas emissions. This article presents a case study that adopts a convergent mixed methods approach. The methods selected for data collection consisted of in-depth interviews, document review and quantitative analysis to examine the implications of the GHG emissions from Guyana's emerging petroleum production sector for the country's net carbon sink status. The article explores measures to enable Guyana to remain a net carbon sink. The study reveals that fugitive emissions were the highest component of greenhouse gas emissions, mostly accounted for by flaring and venting from well testing and flaring from conventional petroleum production. The annual GHG emissions from petroleum production for 2025, 2027 and 2030 were 9034, 13,397 and 20,516 kilotons of CO2e, respectively. Moreover, the combination of the emissions from the oil and gas production and those from three scenarios of growth in Guyana's energy sector, the total annual GHG emissions could vary from 4445 kilotons of CO2e by 2025 to the largest amount of 24,888 kilotons of CO2e by 2030 across various scenarios and conditions. Further, the highest total GHG emissions for 2025 would be 11,015 kilotons CO2e compared to a sequestration rate of 154,060 kilotons CO2 (7%) for 2025. In 2027, the highest total GHG emissions would be 16,234 kilotons CO2e as compared to a sequestration rate of 153,860 kilotons CO2 (11%). No negative implication for Guyana's net carbon sink is projected. However, Guyana should review, update and implement policies to mitigate GHG emissions and offset unavoidable ones. This research highlights the efforts of Guyana to adopt a development path that seeks to fulfil obligations to the UNFCCC and the Paris Accord while improving the social and economic well-being of its citizens.