Several studies have been done on CO2 emissions. I analyzed it based on CO2 emissions per GDP by PPP. It is because the CO2 produced would be more aligned with the local economy of the country rather than the global economy and hence PPP would be a better indication of the CO2 emissions with respect to economic growth. The biggest surprise that the data throws is that the CO2 emissions have in fact gone down recently. The latest study I could find, is from 2009. The global CO2 emissions were 1.5% lower than that in 2008. While the drop in CO2 emissions came from developed economies and the economies who have signed Kyoto Protocol, several economies have increased their CO2 emissions.
| CO2 Emissions per GDP by PPP |
In the above graph, I have chosen the economies based on their importance in current economic environment. While United States is the largest economy, India and China are the current stars for the growth of world economy. Iraq is an exception here but it is because it has the highest CO2 emissions per US dollar GDP by PPP. Despite of the economic growth, China has reduced their relative CO2 emissions, india has remained stagnant (almost) and Us has reduced their CO2 footprint per unit of economy. Iraq on the other hand has increased by a huge margin. There can be two reasons for the same:
- The buying power of average Iraqi has gone down
- The economic activity is not in the most sustainable way.
I furthered analysed this by region. the trend of increased CO2 per GDP as shown by Iraq is also shown by the entire middle east, though the increase for the entire region is now so skewed. It is a clear indication that few economies need to have better control on their environmental policies without affecting their economic growth. If other growing economies can sustain that trend so can others.
| CO2 Emissions (per GDP by PP) by Region |
Now I took a look at how direct consumptions by consumers like myself has affected the overall carbon footprint. 41% of CO2 emissions come from Heat and electricity. Looking at the CO2 emissions per kWh of electricity and heat generation over the years reveal that the change is not drastic. While US and China are now producing heat and electricity more efficiently, India has become a little inefficient (by 7%) in that field.
| CO2 Emissions per kWh from Electricity and Heat Generation |
I think it is possible to have sustainable growth and we have to make sure that we follow best practices for energy generation, transmission and consumption to reduce the impact of economic growth on the environment.
Source of Data: IEA report: CO2 EMISSIONS FROM FUEL COMBUSTION Edition 2011.
