Global carbon emissions from the fossil fuel industry could fall by a record 2.5bn tonnes this year, a reduction of 5%, as the coronavirus pandemic triggers the biggest drop in demand for fossil fuels on record.
The unprecedented restrictions on travel, work and industry due to the coronavirus is expected to cut billions of barrels of oil, trillions of cubic metres of gas and millions of tonnes of coal from the global energy system in 2020 alone, according to data commissioned by the Guardian.
This would lead to the fossil fuel industry’s biggest drop in CO2 emissions on record, in a single year eclipsing the carbon slumps triggered by the largest recessions of the last 50 years combined.
Major oil-producing nations agree historic 10% cut in output
Climate experts expected global carbon emissions from fossil fuels and cement production to rise in 2020, from an estimated 36.8bn tonnes of carbon dioxide last year. Instead, emissions may fall by about 5%, or 2.5bn tonnes of CO2, to its lowest levels in about a decade.
Read more at The Guardian