US coal train [credit: Wikipedia]
The pretentious sounding ‚Global Carbon Project science team ‘(80 names) confirms the fairly obvious: the world is using at least as much fuel power as ever. A recent stat from Goldman Sachs’ Jeff Currie
: ‘$3.8 trillion of Investment in Renewables Moved Fossil Fuels from 82% to 81% of Overall Energy Consumption’ in 10 Years. More misery for climate obsessives. No sign of fear of climate retribution to be seen in the data.
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Global carbon [dioxide] emissions in 2022 remain at record levels — with no sign of the decrease that is urgently needed to limit warming to 1.5°C, according to the Global Carbon Project science team.
If current emissions levels persist, there is now a 50% chance that global warming of 1.5°C will be exceeded in nine years, claims Science Daily.
The new report projects total global CO2 emissions of 40.6 billion tonnes (GtCO2) in 2022.
This is fuelled by fossil CO2 emissions which are projected to rise 1.0% compared to 2021, reaching 36.6 GtCO2 — slightly above the 2019 pre-COVID-19 levels [1]. Emissions from land-use change (such as deforestation) are projected to be 3.9 GtCO2 in 2022.
Projected emissions from coal and oil are above their 2021 levels, with oil being the largest contributor to total emissions growth. The growth in oil emissions can be largely explained by the delayed rebound of international aviation following COVID-19 pandemic restrictions.
The 2022 picture among major emitters is mixed: emissions are projected to fall in China (0.9%) and the EU (0.8%) and increase in the USA (1.5%) and India (6%), with a 1.7% rise in the rest of the world combined.
The remaining carbon budget for a 50% likelihood to limit global warming to 1.5°C has reduced to 380 GtCO2 (exceeded after nine years if emissions remain at 2022 levels) and 1230 GtCO2 to limit to 2°C (30 years at 2022 emissions levels).
To reach zero CO2 emissions by 2050 would now require a decrease of about 1.4 GtCO2 each year, comparable to the observed fall in 2020 emissions resulting from COVID-19 lockdowns, highlighting the scale of the action required.
Land and ocean, which absorb and store carbon, continue to take up around half of the CO2 emissions. The ocean and land CO2 sinks are still increasing in response to the atmospheric CO2 increase, although climate change reduced this growth by an estimated 4% (ocean sink) and 17% (land sink) over the 2012-2021 decade.
This year’s carbon budget shows that the long-term rate of increasing fossil emissions has slowed. The average rise peaked at +3% per year during the 2000s, while growth in the last decade has been about +0.5% per year.
The research team — including the University of Exeter, the University of East Anglia (UEA), CICERO and Ludwig-Maximilian-University Munich — welcomed this slow-down, but said it was „far from the emissions decrease we need. “
The findings come as world leaders meet at COP27 in Egypt to discuss the climate crisis.
„This year we see yet another rise in global fossil CO2 emissions, when we need a rapid decline, “said Professor Pierre Friedlingstein, of Exeter’s Global Systems Institute, who led the study.
Full article here.
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Study: Global Carbon Budget 2022
via Tallbloke’s Talkshop
November 11, 2022 by oldbrew
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