09 December, 2015

Robust global economic growth - peaking emissions?


Pep Canadell - have global
 emissions peaked?
Despite robust global economic growth over the past two years, worldwide carbon emissions from fossil fuels grew very little in 2014, and might even fall this year.

A report released today by the Global Carbon Project has found that fossil fuel emissions of carbon dioxide grew by only 0.6% in 2014, breaking with the fast emissions growth of 2-3% per year since early 2000s. Even more unexpectedly, emissions are projected to decline slightly in 2015 with continuation of global economic growth above 3% in Gross Domestic Product.

This is the first two-year period in a multi-decade record where the global economy shows clear signs of decoupling from fossil fuel emissions. In the past, every single break or decline in the growth of carbon emissions was directly correlated with a downturn in the global or regional economy.

This time is different.

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