BP worried: CO2 emissions increase highest in 7 years
In a new energy report, oil giant BP worries about the highest increase of CO2 emissions worldwide in seven years. In 2018, these emissions increased by 2%, the highest growth since 2010/2011.
There is a growing gap between what is regularly claimed as actions against climate change and the actual progress made,” says Spencer Dale, chief economist at BP. “Energy demand and CO2 emissions are the highest in years.”
BP is worried because increasing emissions also mean heightened costs for adequate climate-saving measures. The now registered tendency compromises the chances of the 2015 Climate Agreement in Paris.
There, world leaders decided to try to limit global warming to 2 or (even better) 1,5%. According to UN climate experts, it is possible to reach this 1,5% goal if we change our way of life, our energy systems, and our transport systems.
Energy demand up
The BP report also underlines that energy demand in the world was up 2,9% last year. The consumption and production of renewable energy have increased by 14,5% in 2018, almost an equalization of the 2017 record.
But the consumption of fossil fuels has also increased. Natural gas use increased 5%, the highest augmentation in 30 years. Coal use rises (1,4%), its production even 4,3%, while there was a decrease between 2014 and 2016.
The highest increase for petrol and gas was registered in the United States, primarily due to the boom in fossil fuel production by fractioning shale gas.