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The Low Carbon Economy Ltd

20 Jan 2011 10:01:09

BP: Carbon emissions will peak after 2020



BP: Carbon emissions will peak after 2020
Global carbon emissions are set to peak just after 2020, despite the reduction targets set by a number of individual nations, a new analysis by BP predicts.

In its Energy Outlook to 2030, the company said by 2020 emissions will be 20 percent higher than 2005 levels, although renewables will gradually contribute more to the mix.

According to the outlook, under the most likely scenario, energy demand is to increase by nearly 40 percent over the next 20 years, with much of this coming from countries outside the Organisation for Economic Cooperation and Development.

However, energy intensity, measured by economic output per unit of energy, is set to improve and non-fossil fuels are expected to significantly contribute to the growth in supply.

Christof Rühl from BP commented: "The key focus of the policy case is to reduce dependence on carbon intensive fuels. This can be achieved through a wide range of policy instruments, including various ways of putting a price on carbon."

The analysis comes shortly after Bloomberg New Energy Finance revealed investment in green energy reached record levels in 2010, doubling the levels seen in 2006.  ADNFCR-1235-ID-800353675-ADNFCR


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