Carbon emission levels are rising and this is happening in the 20 richest countries in the world, says a new study. The Climate Transparency Report says that this year carbon emissions will increase by 4% across the G20 group, after falling 6% in 2020 due to the pandemic. China, India, Argentina will exceed their 2019 emission levels.
The authors say the continued use of fossil fuels is undermining efforts to curb global temperatures. A climate summit that is estimated to be historic will take place in Glasgow, Scotland in early November.
One of its main goals is to put in place measures to maintain, as far as possible, the significant global warming threshold at 1.5 degrees Celsius. Currently the world is about 1.1 degrees Celsius warmer than pre-industrial times and limiting temperature rise is extremely challenging. It is estimated that the Glasgow summit will succeed in this matter only when the countries that produce the most carbon will have to set ambitious policies.
The G20 is responsible for about 75% of global emissions. According to the report, compiled by 16 research organizations and environmental groups, coal use in the G20 is projected to increase by 5% this year. This is mainly due to China being responsible for about 60% of the growth, but coal growth is also happening in the US and India. Coal prices have risen almost 200% from a year ago.
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