https://www.wsj.com/articles/global-co2-emissions-hit-record-high-in-2023-iea-says-ea522461?mod=economy_lead_pos1
Sunday, March 3, 2024
CO2 emissions at record high
CO2 emissions were at a record high in 2023, raising by 410 million metric tons, for a total of 37.4 billion. At least 40% of this increase can be attributed to droughts hampering hydroelectric production. However, this increase was not across the board. For advanced economies such as the US and EU, emissions were actually at a 50 year low, but all that reduction was more than offset by increases from the economies of China and India. While this may be cause for alarm and highlight the importance of global cooperation in reducing global emissions, the International Energy Agency said that emissions are still seeing "structural slowdown" with the rate of growth being at its lowest since the great depression. The agency also pointed out that in the last five years, clean energy production has been put through extreme stress; going through a pandemic, an energy crisis, and ongoing geopolitical instability, and that while these could have been the nail-in-the-coffin for clean energy, economies have instead not abandoned it and still found efficient ways to use it, signaling a good future for clean energy that will hopefully help substantially reduce CO2 emissions
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3 comments:
seeing us amd eu at low rates offers optimism however it will be interesting to see how developing/ undeveloped countries contribute towards reduction in carbon emissions
With lack of development in poor countries, it is hard to make a positive impact on their carbon footprints
With emissions in advanced economies at a 50-year low, what specific policies or practices have contributed to this reduction, and are there lessons that can be shared with other nations to facilitate global emission reduction efforts?
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