Smart Grid Observer
Smart Grid Observer

Carbon Emissions from Advanced Economies Set To Rise in 2018 for First Time in Five Years, Reversing a Declining Trend

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Source: Smart Grid Observer

December 6, 2018 -- The world’s advanced economies will see an uptick in their carbon dioxide emissions this year, bucking a five year-long decline, according to the International Energy Agency.

Based on the latest available energy data, energy-related CO2 emissions in North America, the European Union and other advanced economies in Asia Pacific grew, as higher oil and gas use more than offset declining coal consumption. As a result, the IEA expects CO2 emissions in these economies to increase by around 0.5% in 2018.

Although the growth in emissions is lower than the 2.4% rise in economic growth, it is particularly worrisome for global efforts to meet the Paris Agreement. Countries are gathered at the COP24 climate conference this week and next to take stock of efforts to limit emissions. Global energy-related CO2 emissions need to peak as soon as possible and then enter a steep decline for countries to meet climate goals.

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Also of Interest from SGO: 3rd Smart Cities International Symposium, January 22-24, 2019,  Chicago   >> visit website

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