Maxwell Bernstein | April 21, 2021
Increases in coal usage across Asia and the US are contributing to the second largest annual rise in CO2 emissions, according to The Guardian. The last largest leap in CO2 emissions occurred 10 years ago after the financial crisis. Coal is the most carbon-intense fossil fuel and is more expensive than renewable energy.
“Demand for all fossil fuels is set to grow significantly in 2021,” The International Energy Agency said in their 2021 Global Energy Review. “Coal demand alone is projected to increase by 60% more than all renewables combined, underpinning a rise in emissions of almost 5%, or 1 500 Mt. This expected increase would reverse 80% of the drop in 2020, with emissions ending up just 1.2% (or 400 Mt) below 2019 emissions levels.”
Scientists warn that emissions need to be cut by 45% this decade to reduce global heating by 2.7F.