Green
Global greenhouse gas emissions to continue
February 9, 2015 by elegant · Leave a Comment
In spite of various measures taken by nations all over the world, reports indicate that global carbon emissions will rise by 2.5 percent in 2015. Predictions are based on projected global gross domestic product (GDP) estimates. However, the projected 2.5 percentage increase is slower than the average increase for the last 10 years.
The International Monetary Fund predicts a global economic growth of 3.5 to 3.8 percent for 2015 compared to actual 3.3 percent growth for 2013. Scientists as well as economists find a correlation between the global GDP growth and the carbon emission rate. Carbon used per unit of GDP known as carbon intensity stands at one percent per year. The ever lowering crude oil prices is the culprit and any further reductions for a barrel of crude oil will sure to increase the emission level worldwide due to increase demand for fossil fuel. Greenhouse gas emission level increases are aligned with increased economic activity. Carbon emission levels are decreasing in Western developed countries but increasing in developing world due to attraction of new heavy industries and lack of environmental controls. Many nations are urging the United Nations to work towards a zero carbon emission target by 2050.