Study - 36 Fossil Energy Companies Account For 50% Of Anthropogenic CO2 Output
According to the latest update to the Carbon Majors database, produced by InfluenceMap, just 36 companies are linked to more than half of global carbon emissions. In total, Carbon Majors has traced 33.9 gigatons of carbon dioxide equivalent (GtCO2e) emissions to 169 active companies in its database for 2023, with its database emissions making up 78.4% of total carbon emissions from fossil fuels and cement.
Thirty-six companies are responsible for more than half of these emissions, according to the analysis. Further, the 2023 emissions total increased 0.7% compared to 2022.
“Global GHG emissions continue to rise, with over half of all fossil CO2 emissions coming from just 36 companies, as the latest InfluenceMap findings reveal,” Johan Rockström, director of the Potsdam Institute for Climate Impact Research, said in a statement. “While a few profit-driven corporations continue to expand fossil fuel infrastructure, climate disasters are hitting hardest in regions where people have contributed the least, damaging the lives of millions and pushing us closer to unmanageable tipping points. A global turnaround is not just urgent — it’s essential, and it must start with these key players.”
For 2023, coal was responsible for the highest amount of emissions, about 41.1% of all emissions in the database. The total of coal emissions has increased since 2016, InfluenceMap reported. Cement-related emissions had the largest rate of increase, 6.5%, since 2022. Despite global governmental and company pledges to reduce emissions to curb the worst effects of climate change, the updated data revealed that 93 companies increased emissions from 2022 to 2023, three companies had little to no changes in emissions, and 73 of the entities had decreased emissions.
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https://www.ecowatch.com/global-carbon-emissions-companies-responsible.html