CO₂ Snap Back Confirms Case For Action

We look at an article in The Conversation.

“Global carbon dioxide emissions have bounced back after COVID-19 restrictions and are likely to reach close to pre-pandemic levels this year, our analysis released today has found.

The new numbers vividly illustrate the global challenge posed by decades of delayed climate policy and investment. To meet the 2050 goal of the Paris Agreement, which calls for limits to warming temperatures, nations would now have to cut emissions every year by an amount greater than the combined carbon output of Germany and Saudi Arabia.

The troubling finding comes as the COP26 climate talks continue in Glasgow in a last-ditch bid to keep dangerous global warming at bay. The analysis was undertaken by the Global Carbon Project, a consortium of scientists from around the world who produce, collect and analyse global greenhouse gas information.

The fast recovery in CO₂ emissions, following last year’s sharp drop, should come as no surprise. The world’s strong economic rebound has created a surge in demand for energy, and the global energy system is still heavily dependent on fossil fuels”.

https://theconversation.com/global-emissions-almost-back-to-pre-pandemic-levels-after-unprecedented-drop-in-2020-new-analysis-shows-170866

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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