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Global energy-related carbon emissions will continue to grow over the next 30 years

2022-02-09
1045
In its International Energy Outlook 2021, the U.S. Energy Information Administration (EIA) forecasts global energy-related carbon dioxide (CO2) emissions in OECD and non-OECD countries under existing laws and regulations The volume will continue to grow in the next 30 years.
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EIA: Global energy-related carbon emissions will continue to grow in the next 30 years
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In other words, between 2020 and 2050, the EIA expects total energy-related CO2 emissions to increase by 5% (600 million tonnes) in OECD countries (with slow economic growth) and by 35% in non-OECD countries ( 8 billion tons).
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With increased use of renewable energy and reduced coal use in many countries, EIA expects non-OECD countries to have higher average total carbon intensity than OECD countries over the next 30 years because non-OECD countries/regions Regions are likely to continue to primarily use fossil fuels for electricity generation to support their faster economic growth.
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The EIA also projects that energy intensity, or energy consumed per dollar of GDP, will decline globally by 2050. Driven by technology, many economies are shifting away from energy-intensive industries, and improving energy efficiency reduces energy intensity. In non-OECD regions, economic growth leads to a faster decline in energy intensity than in OECD regions. By 2050, the energy intensity of OECD and non-OECD countries becomes more similar, as some non-OECD countries increase their share of less energy-intensive industries and their technology use becomes more similar to OECD countries countries are more similar.
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Emissions-related policies also affect forecasts of energy-related CO2 emissions. The required efficiency, fuel and technology targets are generally more prevalent in OECD countries, resulting in relatively slower emissions growth in OECD relative to non-OECD countries.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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