CO2 Emissions Flatline in 2014, Even as Global Economy Grows
"This gives me even more hope that humankind will be able to work together to combat climate change, the most important threat facing us today"
- IEA’s lead economist, Fatih Birol
A key stumbling block in the effort to combat global warming has been the intimate link between greenhouse gas emissions and economic growth. When times are good and industries are thriving, global energy use traditionally increases and energy-related carbon dioxide emissions also go up.
Only when economies stumble and businesses shutter — as during the most recent financial crisis — does energy use typically decline, in turn bringing down planet-warming emissions.
But for the first time in nearly half a century, that synchrony between economic growth and energy-related emissions seems to have been broken, according to the Paris-based International Energy Agency, prompting its chief economist to wonder if an important new pivot point has been reached — one that decouples economic vigor and carbon pollution.