Daily Management Review

Experts see a threat in global economic recovery


Carbon (CO2) emissions will increase by almost five per cent this year (1.5 billion tonnes more than in 2020). This would be the second biggest increase in history, the International Energy Agency (IEA) said in a report.

It is a "dire omen" of impending threats to the climate and the environment from a rapid economic recovery, experts said. 

About 80 per cent of the decline in harmful emissions that occurred in 2020 will be offset. At that time, they fell by 1.2 per cent, or 400 million tonnes from 2019 levels.

The main driver of emissions growth will be demand for coal. The IEA predicts it will increase by 4.5 per cent this year, approaching the 2014 peak. 

Analysts see big risks in this. If governments do not start cutting emissions, the world will face a worsening situation in 2022, they note. Global energy demand is expected to grow by 4.6 per cent in 2021, but for oil it will remain below its 2019 peak.

source: iea.org