Global CO2 emissions show no sign of falling
SHARM EL-SHEIKH (AA) – Global carbon emissions (CO2) this year are forecast to remain at a record level of around 40.6 billion tons, up 1% from last year, and if current emission levels persist, there is now a 50% chance that global warming of 1.5 C (2.7 F) will be exceeded in nine years, the Global Carbon Budget report showed Friday.
Unveiled at the 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change running from Nov. 6-18 in the Egyptian resort city of Sharm el-Sheikh, the report, produced by an international team of more than 100 scientists, said the increase in total global CO2 emissions is being fueled by fossil fuel induced emissions which are expected to increase 1% compared to 2021, reaching 36.6 billion tons.
Emissions from land-use change such as deforestation are forecast to total 3.9 billion tons this year.
The turmoil in energy markets led to emissions growth from different sources, according to the report.
CO2 emissions from natural gas are expected to decline by 0.2%, potentially the third such decline since 1990, while coal use related CO2 emissions are estimated to grow by 1%, exceeding the previous peak levels in 2014.
CO2 emissions from oil use are expected to rise by 2.2% primarily because of the recovery in international aviation.
In line with the Paris Agreement’s goal of limiting global warming by 1.5 C by the end of the century, global emissions need to halve by 2030 and reach net zero by 2050.
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