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Energy crisis sets stage for record global carbon dioxide emissions

The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5°Celsius

The world’s CO2 emissions peaked just prior to the onset of the Covid-19 pandemic, then in 2020 registered the biggest annual decrease since at least 1965, according to data from BP Plc. (Photo: Bloomberg)
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The world’s CO2 emissions peaked just prior to the onset of the Covid-19 pandemic, then in 2020 registered the biggest annual decrease since at least 1965, according to data from BP Plc. (Photo: Bloomberg)

Aaron Clark | Bloomberg
The energy crisis, the coming winter and the release of pent-up pandemic demand have sent nations scrambling to stockpile fossil fuels, a move that portends a rebound for global carbon dioxide emissions this year.
 
The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5°Celsius. China, India and other developing economies are driving the demand for coal, but even the US is poised to increase its consumption of the dirtiest fossil fuel in almost a decade, according to a forecast from the International Energy Agency.
 
The world’s CO2 emissions peaked just

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