Energy
0

Global Energy Demand, Carbon Emissions Rising Fast, Says BP

Global Energy Demand, Carbon Emissions Rising Fast, Says BPGlobal Energy Demand, Carbon Emissions Rising Fast, Says BP

Global carbon emissions jumped the most in seven years in 2018 as energy demand surged, according to BP’s annual review of world energy, indicating the world is falling behind in its efforts to rein in climate change.
The report, one of the most closely watched surveys of global energy trends, found that primary demand rose at the fastest pace this decade in 2018 even though economic growth weakened, Bloomberg reported. 
China, India and the US were responsible for two thirds of the 2.9% increase in consumption.
Urgency is building around the world to contain a global increase in the temperature, which has risen 1 degree Celsius since the start of the industrial revolution and is on track to at least double that increase by the end of the century. 
It marks the quickest change in the climate since the end of the last ice age some 10,000 years ago.
“At a time when society is increasing concerns about climate change and the need for action, energy demand and carbon emissions are growing at their fastest rate for years,” BP Chief Economist Spencer Dale said at a briefing in London.
Much of the gains were driven by more volatile weather patterns. 
An increase in the number of days that were either unusually hot or cold boosted energy use for heating and cooling, Dale said. 
As a result, global CO2 emissions rose for a third straight year, a trend likely to stick for the time being.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com