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CO2 emissions stall without impacting global economy for first time in 40 years

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ANI London

The global economy witnessed a growth in 2014 as the global carbon emissions were stable for the first time in 40 years.

According to data from the International Energy Agency (IEA), annual global emissions remained at 32 gigatonnes in 2014 which unchanged from the previous year, the BBC reported.

IEA Chief Economist Fatih Birol, said that this was both a very welcome surprise and a significant one.

Birol continued that it provided much-needed momentum to negotiators preparing to forge a global climate deal in Paris in December and for the first time, greenhouse gas emissions were decoupling from economic growth.

China is now by far the world's biggest investor in renewable energy, far outstripping the US.

 

Prof Corinne Le Quere, of the Tyndall Centre for Climate Change Research at the University of East Anglia, said that an important factor could be that China's coal consumption fell in 2014, driven by their efforts to fight pollution, use energy more efficiently and deploy renewables.

The Paris-based organisation said that in the 40 years it had been collecting data on carbon dioxide emissions, annual emissions had stalled or fallen only three other times, which were all associated with global downturns.

Energy and Climate Change Secretary Ed Davey said the figures showed that green growth is achievable not just for Britain but for the world adding that they could not be complacent they needed to dramatically cut emissions, not just stop their growth.

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First Published: Mar 14 2015 | 11:27 AM IST

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