Responsible Investment News

Carbon Emissions Hit a Record High

Those findings from the International Energy Agency mark a setback for the effort to rein in the pollution blamed for global warming just three years after a landmark deal in Paris where all nations committed to cut emissions.

The figures showed that natural gas is becoming a preferred fuel for factories and utilities while the pace of installing renewable forms of energy is lagging. The report also indicated the strength of the global economic expansion last year, with gains in electricity consumption and more notably in the U.S.

“We have seen spectacular growth of the economy in the U.S.,” said Fatih Birol, executive director of the Paris-based institution advising nations on energy policy. “We have seen several new petrochemical projects coming online.”

Read full article and see interesting graphic here.