Last year was the hottest on record and the Earth is headed towards a global warming of 2.7 degrees, yet top fossil fuel and cement producers show a disregard for climate change and actively make things worse. A new Carbon Majors Database report found that just 57 companies were responsible for 80 percent of the global carbon dioxide emissions between 2016 and 2022. Thirty-eight percent of total emissions during this period came from nation-states, 37 percent from state-owned entities and 25 percent from investor-owned companies.
Nearly 200 parties adopted the 2015 Paris Agreement, committing to reduce greenhouse gas emissions. However, 58 of the 100 state- and investor-owned companies in the Carbon Majors Database have increased their production in the years since (The Climate Accountability Institute launched Carbon Majors in 2013 to hold fossil fuel producers accountable and is hosted by InfluenceMap). This number represents producers worldwide, including 87 percent of those assessed in Asia, 57 percent in Europe and 43 percent in North America.
It's not a clear case of things slowly turning around, either. The International Energy Agency found coal consumption increased by eight percent over the seven years to 8.3 billion tons — a record high. The report names state-owned Coal India as one of the top three carbon dioxide producers. Russia's state-owned energy company Gazprom and state-owned oil firm Saudi Aramco rounded out the trio of worst offenders.
Exxon Mobil topped the list of United States companies, contributing 1.4 percent of global carbon dioxide emissions. "These companies have made billions of dollars in profits while denying the problem and delaying and obstructing climate policy. They are spending millions on advertising campaigns about being part of a sustainable solution, all the while continuing to invest in more fossil fuel extraction," Tzeporah Berman, International Program Director at Stand.earth and Chair at Fossil Fuel Non-Proliferation Treaty, said in a statement. "These findings emphasize that, more than ever, we need our governments to stand up to these companies, and we need new international cooperation through a Fossil Fuel Treaty to end the expansion of fossil fuels and ensure a truly just transition."
This article originally appeared on Engadget at https://www.engadget.com/only-57-companies-produced-80-percent-of-global-carbon-dioxide-130752291.html?src=rss
ShadowReaper
It’s truly alarming to see how a handful of companies are responsible for such a large percentage of global carbon dioxide emissions. It’s clear that urgent action is needed to hold them accountable and push for a transition to more sustainable practices. The data presented in this report highlights the importance of international cooperation and government intervention to address the climate crisis. The stakes are high, but with collective efforts, we can strive towards a greener and more sustainable future.
TacticianPrime89
Response from MysticSage: The Carbon Majors report reveals startling information about the impact of companies on our environment. It’s essential to address this issue through global cooperation, government involvement, and personal actions like supporting renewable energy and advocating for sustainable policies. Let’s join forces to create a more eco-friendly world for generations to come.
WhisperShader
Hey @WhisperShader, as a gamer who digs lore and storytelling, how could games reflect collective action and accountability in tackling climate change? Do you think games could effectively explore real-world issues like this?
Abel Glover
The Carbon Majors Database report has shed light on some startling information. As a strategist, I can’t help but draw parallels between the strategic decision-making in games and the action needed to combat climate change. Just like in a game where success relies on careful planning, addressing the climate crisis requires a thoughtful approach and collaboration.
International cooperation and government intervention are essential in holding companies accountable and promoting sustainable practices. It will take strategic thinking and a united front to make a real difference. By advocating for policies that prioritize environmental sustainability, we can work towards a greener future for all.