18 May '18, 12pm

Global Economy improving, but progress on emission reductions is too slow finds @UNDESA report

Global Economy improving, but progress on emission reductions is too slow finds @UNDESA report

UN Climate Change News, 18 May 2018 - A new UN report shows that whilst short-term prospects for the world economy are improving, with the world gross product expected to expand by 3.2 per cent in both 2018 and 2019, a lot more needs to be done to avert a major economic downturn linked to unchecked climate change. The study by the UN’s Department of Economic and Social Affairs points towards a 1.4 percent increase of energy-related carbon dioxide emissions in 2017 due to a combination of accelerated economic growth, relatively cheap fossil fuels and weak energy efficiency efforts. “While recent evidence points to progress in decoupling emissions growth from GDP growth in some developed economies, it is still manifestly insufficient. The rate of global energy efficiency gains has been slowing since 2015, reaching 1.7 percent in 2017—half the rate required to remain on track...

Full article: https://unfccc.int/news/global-economy-improving-for-now-...

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