CO2 Emissions Worldwide Fall By 1.3 percent in 2009

September 1st, 2010 posted by admin
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CO2 Emissions Worldwide Fall By 1.3 percent in 2009

According to the Internationals Wirtschaftsforum Regenerative Energien (IWR), global emissions of the most common greenhouse gas, Carbon dioxide (CO2) from fossil fuels, fell by 1.3 % in 2009. In what is being touted as the first annual decline in this decade.

The German institute noted this drop could be attributed to the global economic crisis crippling the world as well as the increasing investments in different forms of renewable energy. This drop comes after 10 years of incredible growth as over the past decade, global CO2 emissions rose by over 2.5 % each year.

However, the Institute has also noted that the decrease was well short of expectations. This was supposed to be the year which saw the sharpest fall in CO2 emissions but due to over consumption by the developing economies of the world, the fall of CO2 generation was not as great as anticipated.

While CO2 productions decreased in the US, Europe, Japan and Russia, the majority of the Middle Eastern and Asian countries had a high rate of CO2 generation. Energy-related CO2 discharges in China were almost as high as those of both U.S. and Russia combined. According to the IWR report, China tops the list of CO2 producers with the US and Russia coming in next. In the U S, the amount of CO2 emitted shrank by almost 10 percent from 2007. The 2009 statistic of 1.43 billion tons of carbon is the lowest achieved since 1995. Similarly, CO2 production in the UK has also fallen by 10 % since 2007.

However in order to lessen the fossil fuels consumption as well as to stabilize worldwide CO2 emissions, more than $640 billion needs to be spent annually.

Worldwide investments in sustainable energy systems increased to $161 billion, as a result of lower equipment prices due to the worldwide recession. But huge investments in renewable resources are still required to combat the rising environmental problems as a result of global warming.

Visit The Enigin for more information about energy conservation.

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