Tag: Financial Times

Global carbon emissions hit record despite China slowdown

Global carbon dioxide emissions will hit a record high this year, in spite of a drop in China’s emissions, as the world increased its coal use and economic activity continued to pick up post-coronavirus. Carbon dioxide emissions from energy will rise 1 per cent to reach 37.5bn tonnes in 2022 — with the biggest increases coming from India and the US, according to new data from the Global Carbon Project, a coalition of international climate science bodies. The sudden drop in emissions in China, the world’s biggest polluter, will be more than offset by the surging emissions in the rest [...]

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IEA forecasts fossil fuel demand will peak this decade – FT

The International Energy Agency has said Russia’s invasion of Ukraine will accelerate a peak in the world’s consumption of fossil fuels, with gas demand now expected to join oil and coal in topping out near the end of this decade. Fatih Birol, head of the IEA, said the world was fast approaching a “pivotal moment in energy history” as demand for the fossil fuels that have underpinned the modern economy since the advent of the industrial evolution nears an inflection point. “After rapid growth in gas consumption in the last 10 years, we think the golden age of gas is [...]

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