BP report warns global emissions at seven-year high

According to fossil fuel major BP’s annual review of world energy global carbon emissions jumped the most in seven years in 2018 as energy demand surged, indicating the world is falling behind in its efforts to rein in climate change.

The report, one of the most closely watched surveys of global energy trends, found that primary demand rose at the fastest pace this decade in 2018 even though economic growth weakened.

Media reports indicate the survey showed China, India and the United States were responsible for two thirds of the 2.9 per cent increase in consumption.

Bloomberg newsagency reports urgency is building around the world to contain a global increase in the temperature, which has risen one degree Celsius since the start of the industrial revolution and is on track to at least double that increase by the end of the century.

It marks the quickest change in the climate since the end of the last ice age some 10,000 years ago.

“At a time when society is increasing concerns about climate change and the need for action, energy demand and carbon emissions are growing at their fastest rate for years,” BP chief economist Spencer Dale said at a briefing in London.

Much of the gains were driven by more volatile weather patterns.

An increase in the number of days that were either unusually hot or cold boosted energy use for heating and cooling, Mr Dale said.

Bloomberg reports as a result, global carbon dioxide (CO2) emissions rose for a third straight year, a trend likely to stick for the time being.

Almost 200 nations pledged to take steps to limit warming to well below 2.0°C through the United Nations sponsored Paris Agreement on climate change in 2015.

Their aim was to limit the superstorms, droughts and famine predicted to happen more frequently with runaway climate change.

The BP survey shows that even the dirtiest fossil fuel for power generation is increasing.

Both consumption and production of coal advanced at the fastest rate for five years, driven by the need for developing economies across Asia to connect millions of homes to a reliable source of electricity.

The BP survey shows that is despite coal’s share of primary energy falling to just over a quarter of primary energy and 17 gigawatts (GW) of plants burning the fuel being retired.

However, BP’s report contained some more hopeful trends.

Renewable energy consumption jumped 15 per cent in 2018, near the record advance from a year earlier.

China, again at the forefront, is adding more renewable energy than the world’s most developed nations in the OECD combined, BP said.

Growth in output from wind, solar, geothermal, biomass and burning waste accounted for about a third of the increase in total power generation, or the same as the increase in coal.

“Renewable energy can’t grow quickly enough,” Mr Dale said.

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