New Energy Challenged By Global GHG Comeback
After steep drop in early 2020, global carbon dioxide emissions have rebounded strongly
2 March 2021 (International Energy Agency)
“The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War…but the overall decline of about 6% masks wide variations depending on the region and the time of year…After hitting a low in April, global emissions rebounded strongly…[and] were 2%, or 60 million tonnes, higher in December 2020 than they were in the same month a year earlier.
Major economies led the resurgence as a pick-up in economic activity pushed energy demand higher and significant policies measures to boost clean energy were lacking. Many economies are now seeing emissions climbing above pre-crisis levels…The 2020 trends underscore the challenge of curbing emissions while ensuring economic growth and energy security…Amid a growing number of pledges by countries and companies to reach net-zero emissions by mid-century, the rebound in emissions shows what is likely to happen if those ambitions are not met with rapid and tangible action…
...[China was the only major economy to grow in 2020 and after April its emissions] increased by 0.8%, or 75 million tonnes, from 2019 levels…In India, emissions rose above 2019 levels from September…Emissions in the United States fell by 10% in 2020…[But in December,] emissions were approaching the level seen in the same month in 2019…Global emissions plunged by almost 2 billion tonnes in 2020, the largest absolute decline in history…” click here for more