Rising energy demand fuels increase in global carbon emissions. China and India helped push global demand for energy up more than 2 per cent last year, more than twice the rate of growth in 2016, as the global economic recovery took hold.The higher demand — met primarily by fossil fuels — and a slowdown in improvements to energy efficiency led to rising carbon dioxide emissions. CO2 levels increased by 1.4 per cent to reach a historic high of 32.5 gigatonnes in 2017, the International Energy Agency said. The growth — an increase of 460m tonnes, equivalent to the emissions of 170m additional cars — comes after three years of flat emissions and contrasts with the sharp reductions needed to meet the goals of the Paris Agreement on climate change.
FT 21st March 2018 read more »