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Combating climate change via carbon credits | Autocar Professional

Baua Electric

In today’s world, climate change is a reality we have to contend with and among the various measures undertaken to combat it, carbon credits can prove to be an effective solution. Weaving a new framework in the climate space, carbon credits incentivize sustainable practices by assigning a financial value to reductions in GHG emissions.

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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 The rebound of global CO 2 emissions above pre-pandemic levels has largely been driven by China, where they increased by 750 million tonnes between 2019 and 2021. In 2021 alone, China’s CO 2 emissions rose above 11.9 billion tonnes. billion tonnes.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% Global fossil CO 2 emissions have now grown 0.6% —Glen Peters, a Research Director at the CICERO Center for International Climate Research. CO 2 emissions from natural gas use have grown a sustained 2.2%

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EIA: CO2 emissions from US power sector have declined 28% since 2005

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US electric power sector CO 2 emissions have declined 28% since 2005 because of slower electricity demand growth and changes in the mix of fuels used to generate electricity, according to the US Energy Information Administration (EIA). Source: US EIA, US Energy-Related Carbon Dioxide Emissions , 2017.

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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US energy-related CO 2 emissions declined by 2.8% CO 2 emissions had increased by 2.9% Because of continuing trends in how much energy the US economy uses and how much CO 2 that energy use generates, energy-related CO 2 emissions in 2019 fell more than energy consumption, which declined by 0.9%

2019 273
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EIA: US energy-related CO2 emissions down 1.7% in 2016; carbon intensity of economy down 3.1%; transportation emissions up

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US energy-related CO 2 emissions decreased by 89 million metric tons (MMmt), from 5,259 MMmt in 2015 to 5,170 MMmt in 2016. over that period, other factors contributing to energy-related CO 2 emissions more than offset the growth in GDP, leading to a 1.7% Natural gas CO 2 emissions have increased every year since 2009.

2016 150
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EIA projects US energy-related CO2 emissions to remain near current level through 2050; increased natural gas consumption

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Carbon dioxide emissions from S energy consumption will remain near current levels through 2050, according to projections in EIA’s Annual Energy Outlook 2019. USenergy-related carbon dioxide emissions and fossil fuel energy consumption. Energy-related CO 2 emissions generally follow energy consumption trends.

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