Berliner Boersenzeitung - CO2 pollution from fossil fuels to hit all-time high in 2022

EUR -
AED 4.211629
AFN 72.248672
ALL 95.9877
AMD 432.3446
ANG 2.052873
AOA 1051.618205
ARS 1603.517593
AUD 1.637122
AWG 2.064245
AZN 1.951117
BAM 1.955549
BBD 2.309604
BDT 140.711969
BGN 1.960241
BHD 0.435844
BIF 3404.263785
BMD 1.146803
BND 1.467412
BOB 7.923985
BRL 6.113141
BSD 1.146753
BTN 105.848437
BWP 15.625998
BYN 3.393065
BYR 22477.339801
BZD 2.306204
CAD 1.572439
CDF 2588.334087
CHF 0.912799
CLF 0.026639
CLP 1051.858727
CNY 7.909045
CNH 7.921748
COP 4222.758904
CRC 539.530866
CUC 1.146803
CUP 30.390281
CVE 110.250873
CZK 24.576159
DJF 204.203834
DKK 7.505938
DOP 70.450973
DZD 153.125379
EGP 60.163207
ERN 17.202046
ETB 178.995364
FJD 2.555879
FKP 0.86214
GBP 0.866362
GEL 3.130512
GGP 0.86214
GHS 12.453404
GIP 0.86214
GMD 84.287648
GNF 10052.711866
GTQ 8.793873
GYD 239.909259
HKD 8.979984
HNL 30.35411
HRK 7.568441
HTG 150.360733
HUF 394.221002
IDR 19449.837086
ILS 3.605939
IMP 0.86214
INR 106.176589
IQD 1502.20751
IRR 1515758.262339
ISK 144.839858
JEP 0.86214
JMD 179.926945
JOD 0.813122
JPY 183.196049
KES 148.320994
KGS 100.287585
KHR 4598.410769
KMF 494.272079
KPW 1032.122683
KRW 1723.35858
KWD 0.352561
KYD 0.955578
KZT 561.388065
LAK 24571.851414
LBP 102687.241871
LKR 356.88427
LRD 209.843111
LSL 19.259732
LTL 3.386211
LVL 0.693689
LYD 7.317062
MAD 10.800316
MDL 20.004437
MGA 4761.389885
MKD 61.632103
MMK 2407.61026
MNT 4092.91395
MOP 9.244115
MRU 45.880121
MUR 53.338258
MVR 17.717917
MWK 1988.345218
MXN 20.518027
MYR 4.516684
MZN 73.291585
NAD 19.259732
NGN 1588.888773
NIO 42.194593
NOK 11.18934
NPR 169.357299
NZD 1.980505
OMR 0.440951
PAB 1.146653
PEN 3.954493
PGK 5.014357
PHP 68.33825
PKR 320.188172
PLN 4.289726
PYG 7398.052029
QAR 4.168466
RON 5.117726
RSD 117.354962
RUB 91.637858
RWF 1673.385576
SAR 4.303877
SBD 9.233734
SCR 17.508756
SDG 689.228781
SEK 10.855821
SGD 1.469624
SHP 0.860399
SLE 28.153976
SLL 24047.898994
SOS 654.21617
SRD 43.06012
STD 23736.507771
STN 24.496861
SVC 10.033714
SYP 126.750385
SZL 19.253533
THB 37.073861
TJS 10.991192
TMT 4.013811
TND 3.391265
TOP 2.761226
TRY 50.648543
TTD 7.777003
TWD 36.920864
TZS 2987.117237
UAH 50.56842
UGX 4311.44754
USD 1.146803
UYU 46.064097
UZS 13846.225774
VES 507.695015
VND 30154.039424
VUV 135.613211
WST 3.136753
XAF 655.872958
XAG 0.014239
XAU 0.000228
XCD 3.099292
XCG 2.066635
XDR 0.815695
XOF 655.872958
XPF 119.331742
YER 273.569816
ZAR 19.203223
ZMK 10322.600762
ZMW 22.32014
ZWL 369.270115
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    -0.1100

    22.99

    -0.48%

  • BCE

    -0.1100

    25.57

    -0.43%

  • NGG

    0.0900

    90.9

    +0.1%

  • RYCEF

    -1.1300

    16.12

    -7.01%

  • RELX

    -0.0400

    34.14

    -0.12%

  • VOD

    0.1000

    14.41

    +0.69%

  • GSK

    -0.8900

    53.39

    -1.67%

  • CMSC

    -0.1500

    22.99

    -0.65%

  • BTI

    0.0400

    59.93

    +0.07%

  • RIO

    -2.8700

    87.83

    -3.27%

  • JRI

    -0.2300

    12.59

    -1.83%

  • BCC

    0.3800

    70

    +0.54%

  • AZN

    -2.6000

    189.9

    -1.37%

  • BP

    0.5100

    42.67

    +1.2%

CO2 pollution from fossil fuels to hit all-time high in 2022
CO2 pollution from fossil fuels to hit all-time high in 2022 / Photo: Fida HUSSAIN - AFP/File

CO2 pollution from fossil fuels to hit all-time high in 2022

Carbon dioxide emissions from fossil fuels, the main driver of climate change, are on track to rise one percent in 2022 to reach an all-time high, scientists said Friday at the COP27 climate summit in Egypt.

Text size:

Emissions from oil, fuelled by the continuing rebound in aviation, will likely rise more than two percent compared to last year, while emissions from coal -- thought by some to have peaked in 2014 -- will hit a new record.

"Oil is more driven by the recovery from Covid, and coal and gas are more driven by events in Ukraine," Glen Peters, research director at CICERO climate research institute in Norway, told AFP.

Global CO2 emissions from all sources -- including deforestation and land use -- will top out at 40.6 billion tonnes, just below the record level in 2019, the first peer-reviewed projections for 2022 showed.

Despite the wild cards of pandemic recovery and an energy crisis provoked by war in Ukraine, the uptick in carbon pollution from burning oil, gas and coal is consistent with underlying trends, the data suggested.

And deeply worrying, said Peters, a co-author of the study.

"Emissions are now five percent above what they were when the Paris Agreement was signed" in 2015, he noted.

"You have to ask: When are they going to go down?"

- Carbon budget -

The new figures show just how dauntingly hard it will be to slash emissions fast enough to meet the Paris goal of capping global warming at 1.5 degrees Celsius above preindustrial levels.

Heating beyond that threshold, scientists warn, risks triggering dangerous tipping points in the climate system.

Barely 1.2C of warming to date has unleashed a crescendo of deadly and costly extreme weather, from heat waves and drought to flooding and tropical storms made more destructive by rising seas.

To achieve the ambitious Paris target, global greenhouse emissions must drop 45 percent by 2030, and be cut to net zero by mid-century, with any residual emissions compensated by removing CO2 from the atmosphere.

To be on track for a net-zero world, emissions would have to plummet by seven percent annually over the next eight years.

To put that in perspective: in 2020, with much of the world's economy on lock down, emissions fell by only six percent.

Over a longer time frame, the annual rise in CO2 from fossil fuel use has slowed, on average, to 0.5 percent per year over the last decade after climbing three percent annually from 2000 to 2010.

To have a 50/50 chance of staying under the 1.5C limit, humanity's emissions allowance is 380 billion tonnes of CO2, according to the study in Earth System Science Data, authored by more than 100 scientists.

On current emissions trends of 40 billion tonnes a year, that "carbon budget" would be used up in less than a decade.

For a two-thirds chance, the budget shrivels by a quarter and would be exhausted in seven years.

- 'Deeply depressing' -

In recent decades, scientists could usually draw a straight line between CO2 trends and the economy of China, which has been the world's top carbon polluter for about 15 years.

In 2022, however, China's CO2 output is set to drop by nearly one percent for the year, almost certainly reflecting an economic slowdown linked to Beijing's strict zero-covid policy.

Despite having to scramble for alternate sources of energy, including carbon-intensive coal, the European Union is on track to see its emissions fall by almost as much, 0.8 percent.

US emissions will likely go up by 1.5 percent, and India's by six percent.

The annual update also revealed that the ability of oceans, forests and soil to continue soaking up more than half of CO2 emissions has slowed.

"These 'sinks' are weaker than they would be if not for the impacts of a changing climate," said co-author Corinne Le Quere, a professor at the University of East Anglia.

Scientists not involved in the findings said they were grim.

"Global Carbon Budget for 2022 is deeply depressing," said Mark Maslin, a professor of Climatology at University College London.

"To have any chance of staying below the international agreed 1.5C global warming target we need to have large annual cuts in emissions -- which there is no sign of."

(O.Joost--BBZ)