Only 57 producers are responsible for 80% of all fossil fuel and cement CO₂ emissions since 2016 – new report

Sat, 4 May 2024 04:09:59 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/only-57-producers-are-responsible-for-80-of-all-fossil-fuel-and-cement-co-sub-2-sub-emissions-since-2016-new-report-227066>

"Just 57 companies and nation states were responsible for generating 80% of the
world’s CO₂ emissions from fossil fuels and cement over the last seven years,
according to a new report released by the thinktank InfluenceMap. This finding
suggests that net zero targets set by the Paris climate change agreement in
2015 are yet to make a significant impact on fossil fuel production.

The report uses the Carbon Majors database, established in 2013 by Richard
Heede of the Climate Accountability Institute, to provide fossil fuel
production data from 122 of the world’s largest oil, gas, coal and cement
producers.

The InfluenceMap report tells a sobering but informative story of the state of
production in these high-emitting industries. Cement and fossil fuel production
has reached unprecedented levels, with most of the emission growth traceable to
a relatively small number of large companies.

The troubling reality is that the lack of progress of these large fossil fuel
companies means the world will need to undertake ever more stringent and steep
decarbonisation trajectories if countries are to meet the Paris agreement goal
of keeping warming well below 2°C."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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