Global Energy Demand, Carbon Emissions Spiked In 2018:BP
By: Paul Wells - Daily Oil Bulletin Global energy demand and carbon emissions from energy use grew at their fastest rate since 2010/11, moving even further away from the accelerated transition envisaged by the Paris climate goals, BP said in its annual Statistical Review of World Energy released this morning. “The headline numbers are the rapid growth in energy demand and carbon emissions. Global primary energy grew by 2.9 per cent in 2018 — the fastest growth seen since 2010. This occurred despite a backdrop of modest GDP growth and strengthening energy prices,” Spencer Dale , BP’s group chief economist, said during a webcast from London. “At the same time, carbon emissions from energy use grew by two per cent, again the fastest expansion for many years, with emissions increasing by around 0.6 gigatonnes. That’s roughly equivalent to the carbon emissions associated with increasing the number of passenger cars on the planet by a third.” Demand growth was largely ...